Torrs Hydro Our Community Shares Experience Esther Jones Founder Director, Torrs Hydro.
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Transcript of Torrs Hydro Our Community Shares Experience Esther Jones Founder Director, Torrs Hydro.
Torrs HydroOur Community Shares
Experience
Esther Jones Founder Director, Torrs Hydro
Our Funding Mix
• Grants
• A loan
• Community investment through a share issue
How we ran our share offer
• Minimum investment - £250
• Clear target to raise - £126,000
• Firm closing date – 31st January 2008
• The invitation to invest
• High profile and local promotion, and a variety of methods
What Made the Share Offer a Success?
• Good promotion
• A deadline
• A product that has a clear identity
Challenges…
Impact of the Project
• Boost to sense of local identity
• Community commitment
• Local industry – the sluice gate
• Education & learning from the project
• Inspiration from other local projects
• Energy• Food• Transport• Waste