- Project Development
- Finance Matters
- Downloadable Tools
Sources of Finance
Sources of Finance
This module has been developed for Local Energy Scotland to provide support to community groups looking to invest in a renewable project that is being developed by a commercial developer. The module outlines a number of different sources of finance to consider when making an investment decision and where to obtain further information when considering the investment.
It is part of the CARES Project Development Toolkit and in addition to this module, there are other relevant guidance documents and tools available that should be reviewed in conjunction:
- Project Finance Module – this module provides an overview of renewable project finance, the terms that are used and how to determine the financial viability of a project;
- Community Investor Module – this module provides support to community groups looking to invest in a renewable project that is being developed by a commercial developer. The module outlines the different factors that need to be considered when making an investment decision and how to obtain the relevant support when making these investment decisions; and
- Finance Glossary – a summary of the finance terms used in renewable projects.
This paper includes information on a number of different sources of finance that can be used to fund various stages of a community group’s involvement in a renewable energy project.
One way of delivering your project is to operate as an Industrial Provident Society (IPS), i.e. a bencom or 'a Community Share Offer'. Three levels of support have been outlined that vary depending on the structure and rules of the society.
To find out more about the support available, download the IPS guidance here.
To see case studies about existing co-operatives, click here.