The Fund provides small, low interest loans to community organisations in areas of high deprivation to pay for renewable energy assets and implement energy efficient measures. The Fund will lend up to 50% of the value of a project, up to a maximum of £50,000.
The community energy assets developed will deliver consistent income for 20-25 years and surpluses generated will be re-invested in community projects.
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Fund size
£5.7 million -
Better Society Capital commitment
£5 million
Key information
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Geography
UK wide -
Investment type
Enterprise debt -
Fund manager
Pure Leapfrog -
Investment status
Current -
Investment date
2012 -
Term
10 years
Impact
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Number of projects financed
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Total value of community benefit funds and savings across life of investments
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Amount of CO2 savings
Sustainable development goals
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1: No Poverty End poverty in all its forms everywhere -
3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages -
7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all -
8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all -
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable