After agreed returns are paid to investors in the Society, any profits made are ring-fenced for a community fund. We anticipate having approximately £3,000 per year available in the early years of the scheme. Applications of up to £1,000 are invited which meet at least one of the following core aims:
• Energy efficiency improvements in your organisation/in the local area
• Contributing towards reducing carbon emissions in your organisation/in the local area
• Supporting sustainability in the local community
Applications must be for initiatives within the Greater Reading area – within 10 mile radius of Reading Town Hall – and are equally welcome for technical solutions or engagement initiatives, or a combination.
Applications are reviewed by the Board at least 3 times per year.