Last chance to invest - Sunart Share Offer extended!

29th Jul 2016

Last Chance to Snap up Community Shares!

The huge popularity of Sunart Community Hydro Shares has led the Directors to extend the share offer by two weeks to cater for the last minute flurry of interest. Existing or would-be investors can now apply for community shares up to 15th March.

The share offer was launched in October last year with the support of Community Shares Scotland, and the initial target was to raise at least one third of the cost of building the Community Hydro scheme before the offer closed. This target was passed at the New Year and applications for shares have continued to flow in, so that the total invested is now over £360,000 from individuals and organisations, plus an offer from Co-operative and Community Finance to invest a further £50,000 in a scheme which they see as worthwhile and viable.

Once the share offer closes in March, it is expected that work will be able to begin on construction in late April with the Hydro being commissioned and generating electricity by November.

There is a YouTube video of the scheme and full details of the application process or you can call Dale Meegan on 07718 132680 for an application pack.