Community Benefit Fund

Community Benefit Presentation – AGM 2017

Community Benefit –  A presentation by Stuart Hay, Director made at the AGM 2017.

The Benefits of a Community Solar Project in Edinburgh

Being a ‘Society for the Benefit of the Community’ rather than a purely profit making business, our objectives are to support the following:

  1. Reduction in the use of fossil fuel in public buildings
  2. To provide Edinburgh residents with opportunities to invest in solar power which deliver reasonable returns and engage people with the climate change agenda
  3. To generate surplus funds, from FITs, exports and electricity sales which can be distributed for the benefit of the buildings associated with the scheme and communities in and around the City of Edinburgh Local Authority Area
  4. Increased energy security
  5. Education of green issues to communities associated with the scheme through the buildings they use

 

Activities undertaken by the Society

The objectives of ECSC provide a scope that allows the Society to support a broad range of activities including but not limited to:

  1. Assisting building users and managers to further reduce their energy bills and emissions, particularly buildings that have panels installed by ECSC
  2. Educational projects, particularly with buildings that have panels installed by ECSC
  3. Assisting with the development of new community led projects which support the objectives of ECSC, by sharing ECSC’s experience of developing projects and raising funds
  4. Actions to tackle fuel poverty
  5. Community energy efficiency schemes, particularly those that tackle fuel poverty

 

The founding members also feel that it would be appropriate to seek proposals for community benefit causes from members and from community organisations within the City, provided they align with the objectives of the Society

 

Fairness and Equity

ECSC will seek to involve communities across the city particularly those with higher levels of fuel poverty.  This will be done through:

  1. Seeking suitable buildings throughout the city particularly areas of fuel poverty
  2. Minimising the cost of shares, so a broad section of society can participate in the decision making of the Society
  3. Encouraging local community organisations to buy shares and have an equal say in the running of the Society and the distribution of surplus funds
  4. Working closely with neighbourhood partnerships to raise awareness of the community benefit fund and encourage applications from across the city
  5. Application for the community benefit fund will be given the most consideration if they meet the objectives of the Society and prove to efficiently reduce carbon reductions