The share offer is open until 21st December. Invest from £250 to help us bring 86kW of community-owned solar to North Kensington.

How much do you want to invest?

The minimum investment is £250. Residents of Kensington and Chelsea can invest from £50 if the following statements apply to you:

AND

  • Carer’s Allowance
  • Disability Living Allowance
  • Housing benefit
  • Income support
  • Job Seekers Allowance (JSA)
  • Pension credits
  • Personal Independence Payments (PIP)
  • Tax Credits
  • Universal Credit
Your details
Applying for a child
Applying for an organisation
I want someone to inherit my shares

Before you complete your application

  • Read the accompanying Share Offer Document
  • Pay special attention to the Risks set out in this Share Offer
  • Consider whether you need to take financial or other advice in relation to the Terms and Conditions contained in the Share Offer
  • Read the Rules of North Kensington Community Energy Limited

Frequently asked questions

Do I need to live locally to invest?

No. Any UK resident can invest in the project.

What is SEIS?

As a society member you are eligible for tax relief under the Seed Enterprise Investment Scheme. Pursuant to this scheme, qualifying investors can claim tax relief of 50% of their investment. The relief is given by way of a reduction of tax liability, providing there is sufficient tax liability against which to set it.

Is my investment at risk?

The directors consider that this project is lower risk than many long-term investments because it is underpinned by the Feed-in Tariff (FIT), which is a Government-sponsored programme that guarantees payment for the energy generated for 20 years. Nevertheless, there are a number of risks you should consider. Please refer to the “Risk Factors” section of the Share Offer document for more information. In addition, you should seek independent advice if you have additional questions.

What is the mechanism for selling shares? Will the scheme always buy shares back?

Shares in an Community Benefit Society are different than shares you may have in public or other private companies. By law, you are not able to sell or otherwise transfer your investment and the project has been designed to encourage long-term investment. However, a provision for withdrawal of shares is available through application to the society’s board of directors (on 180 days' notice and only after the first three years of the project). The society will set aside a portion of money annually to allow for withdrawal and buyback of shares throughout the life and for payback at the end of the project’s life.

We use GoCardless a secure online service to make a one off direct debit from your bank account within the next seven days.