Using surplus for community benefit
- As well as creating community benefit, if applicable, your project will aim to pay interest or dividends as per the share offer terms. Investors will also become voting members of your group, so it’s important to keep members informed and involved in decision-making.
- Set up participatory budgeting or consultations to decide how surplus funds are allocated, usually approved by the members at your Annual General Meetings (AGMs).
- Some groups offer educational & training opportunities, and use funds for workshops, internships, or scholarships in renewable energy and sustainability.
- You may want to consider expanding the initiative by developing new energy projects or increasing local renewable capacity.
- Sharing is caring! Provide annual updates on how surplus funds have benefited the community to maintain engagement and trust. These can often get picked up in local media and on social media too.
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