Whalley has more time to raise £400,000 for hydro electric bid

Whalley Hydro share offer extended

The share offer will continue to be open until Wednesday 11 December. We scheduled three weeks for the offer but this turned out to be too ambitious. Over £281,000 raised in three weeks is pretty good going. We are well on the way to the £400,000 we need to attract a bank loan to enable us to go ahead with placing the contract for construction.

What are the benefits of Whalley Hydro?

It will: generate green electricity. contribute to energy security, helping us to be more resilient in the face of problems of energy supply. contribute to reducing our reliance on fossil fuels and carbon emissions. be owned and run by local people as a social enterprise. provide income which will be distributed locally to increase renewable energy supplies e.g. for community buildings and people in fuel poverty. be available for parties of school children to visit where ...

Investment by instalments and group purchases

Guardian showcases Whalley Hydro share offer

The Guardian Online has an article on the share offer at

SEIS clarification

All approvals received

Whalley Hydro is a social enterprise

Whalley Hydro is a social enterprise which is a business: with a social purpose or purposes. achieving the social purpose(s) by trading in the marketplace. holding assets and wealth in trust for community benefit. democratically involving members of its constituency in the governance of the organisation. accountable to a defined constituency and to the wider community as an independent organisation. Whalley Hydro’s goals include reducing carbon emissions, assisting in adaptation to low carbon living and increasing energy security in Whalley and ...

600 years of water power in Whalley

The weir is an important part of Whalley’s conservation area. Whalley Hydro has undertaken to maintain it in order to continue its historic use in harnessing the power of the river. The Cistercian monks who built the weir on the River Calder at Whalley 600 years ago were noted for their hydraulic engineering. They diverted water from the weir down the still existing mill race for the newly built abbey. In 1837 this mill race was ...

Enterprise Investment Scheme (EIS)

The Enterprise Investment Scheme is an HM Revenue & Customs scheme which enables tax relief to investors of 30% of the cost of the shares. It is designed to help small startups like ours to raise finance. Shareholders must pay enough tax to cover the reliefs and retain their investments for three years to benefit from the tax reliefs. Investors can choose to treat their subscription for EIS shares as if made in the previous ...