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FOUR SALFORD SCHOOLS SOLAR PANEL COMMUNITY SHARE OFFER
 

Star date: 3rd June 2018

COMMUNITY INVITED TO OWN A STAKE IN SCHOOL SOLAR PANELS

Following a successful community share issue a few years ago to finance solar panels on three Salford schools, Greater Manchester Community Renewables is now offering the community another chance to help finance more panels on a further four schools in the city - Broadoak Primary School, Bridgewater Primary School, Light Oaks Infant and Junior Schools, and Peel Hall Primary School.

Full details here...


Salford schools solar panel Salford schools solar panel
click image to enlarge

Two years ago, Greater Manchester Community Renewables (GMCR) set up a unique scheme that encouraged the community to invest in solar panels on Primrose Hill Primary School, Irlam Primary School, and Fiddlers Lane Primary, as well as a community centre in Partington. 

So far these sites have saved a total of £3,000 on their bills and generated enough clean energy to make six million cups of tea, while investors received interest on their investments.

Now, GMCR has set up a new scheme to fund solar panels on Broadoak Primary School, Bridgewater Primary School, Light Oaks Infant and Junior Schools and Peel Hall Primary School.

The company is aiming to raise £145,000 during June to enable the panels to be fitted over the summer...

"In 2016 we installed solar panels on the roofs of three schools in Salford with the support of people like you" says Ali Abbas, Director of GMCR "We're really excited to be offering four more schools the chance to be part of the clean energy revolution, but we need your help to make it happen. With a minimum investment of £100 you can help these schools, your community and the environment, and earn up to 4% interest on your shares."

Karen Wild, Head Teacher at Broadoak Primary School, adds: "The children and staff at Broadoak Primary School are really excited to be working with GMCR to bring solar panels to our school this summer. We are an Eco School so this is a fantastic next step on our journey to reduce our impact on the environment and to help our children learn more about how we can all help to reduce climate change".

Anyone who buys shares will become members of GMCR, receive interest on their shares and vote to give profits made to a Community Fund to spend on further community energy and environmental education projects locally.

"I invested in GMCR because it's an ethical investment that helps schools save money on their bills and reduces carbon emissions" explains GMCR member Sandra Dutson "It also puts power into the hands of the community instead of big multi-national companies."

GMCR's share offer can be download from www.gmcr.org.uk/invest

For more information visit www.gmcr.org.uk

GMCR's share offer is open until 30 June 2018.  Those interested in investing should read the Share Offer fully and take appropriate financial advice.


See also previous Salford Star article on solar panel investment – click here

Main photo shows pupils from Irlam Primary School


Alice wrote
at 11:46:09 on 04 June 2018
I am so pleased to see the expanding of this scheme. I was really happy to be a contributor to the first stage of solar panels for Salford schools. To me it seemed to be a great plan for educating children ( and their parents) in the benefits of clean energy as well as gaining the understanding of the process. The saving of money, at a time when schools are being starved of funds, is an additional bonus. I'm proud to be a member of Friends of the Earth and this off-shoot project. Let's get more going. Good interest return for investors too. Better than any bank!
 
Judith Elderkin wrote
at 19:40:40 on 03 June 2018
An interesting venture. I do hope that the local authority checks on the suitability and state of repair of the roofs of these schools first, before allowing installation. How will building insurance be affected and will the insurers of Broadoak Academy ( a converter academy) extend the policy to cover any problems, including roof damage and vandalism?
 
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