From the Ullapool News out on Friday 26 August 2016
©ULLAPOOL NEWS. Registered as a newspaper at the Post Office
STOP PRESS - 6pm SUNDAY 28 AUGUST
SOLD OUT! £900,000 TARGET REACHED
COMMUNITY HYDRO POWER INVESTMENT FLOODING IN!
The race to fund a local community hydro power scheme is gathering pace! With the approaching deadline of 31st August to invest in the Broompower Hydro, the project’s volunteer board report a big increase in people and businesses signing up. This fits in with the experience of a similar community energy scheme in Applecross where half of their funding came in the last week.
Lochbroom Community Renewables Ltd Chair Tim Gauntlett said, “A huge thank you to all the investors so far. The total raised has accelerated a lot in the last two weeks. But we still need people, organisations and businesses to come forward to support what will probably be the last wholly community owned hydro project.”
Director Neil Gerrard said, “The project’s investors will get a share of the profits and their money back, but these community share issues are about people, the people of this area and the future all of the amazing community projects that happen here. Projects happening now are struggling to secure funding but with income from our own hydro scheme there is potential to help ourselves for 40 odd years into the future.”
He added, “We are a small team of volunteers trying to spread the word and would really welcome your help! If you are on Facebook or Twitter please connect to BroomPower on both and share our news. Word of mouth is really important so please spread the word and let people know about this opportunity. People from across the UK are also investing because they believe in supporting community initiatives. Please discuss the project with friends and family far and wide. Everyone who invests should read the share offer documents available in The New Broom, online or by contacting us through the website http://www.broompower.org/"