Torrs Hydro Our Community Shares Experience Esther Jones Founder Director, Torrs Hydro.

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Transcript of Torrs Hydro Our Community Shares Experience Esther Jones Founder Director, Torrs Hydro.

Torrs HydroOur Community Shares

Experience

Esther Jones Founder Director, Torrs Hydro

Our Funding Mix

• Grants

• A loan

• Community investment through a share issue

How we ran our share offer

• Minimum investment - £250

• Clear target to raise - £126,000

• Firm closing date – 31st January 2008

• The invitation to invest

• High profile and local promotion, and a variety of methods

What Made the Share Offer a Success?

• Good promotion

• A deadline

• A product that has a clear identity

Challenges…

Impact of the Project

• Boost to sense of local identity

• Community commitment

• Local industry – the sluice gate

• Education & learning from the project

• Inspiration from other local projects

• Energy• Food• Transport• Waste