South Dartmoor Community Energy
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  • About
    • Our Team
    • Partners
    • Join us
    • News
    • Events
    • SDCE stories
  • Energy Advice
    • Free home energy advice
    • Your top tips
    • Getting the best deal
    • Extra help from your supplier
    • Smart Meters
    • Where will we be?
  • community
    • Community Housing
    • What's going on ...
    • Past projects >
      • Solar Roof Feasibility Project
      • energylab
      • Poster competition
      • Summer Roadshow!
  • Climate Action
    • Net Zero Heroes HQ >
      • The story so far and what's next
      • The challenge
      • Our diet
      • At home
      • Stuff
      • Transport
      • Funding
      • Ivybridge Futures
  • Contact

how will we finance the project?

We have already secured £160k of feasibility and development funding from Homes England, MyLocality, South Hams Community Led Development and the Rural Community Energy Fund for the planning stages.
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This type of innovative development will have a higher capital cost than an equivalent development from a typical commercial house builder, as it includes energy, storage and transport assets. However, it will have much lower operational expenditure, in terms of energy requirements, repair and renewals, due to the initial build quality and the onsite energy generation and storage.

SDCE directors have extensive experience of developing and financing large renewable energy schemes and experience in developing community housing schemes in other areas of the UK. The financing of this scheme will be approached in the same way as a community energy project would be.  We will seek non-recourse debt finance at favourable interest rates from a suitable lender or lenders and the remainder of the capital will be raised through a community share offer.

Capital costs will be raised through a community share offer, enabling local people to invest in the scheme, as well as bank finance. The rental income from the homes and EVs, and the selling of energy will provide a long term income stream to cover the maintenance costs of the site and to provide a return on investment for shareholders. Any surplus income will be allocated to a Community Benefit Fund which would provide grants to grassroots community sustainability initiatives.

We're working with Communities for Renewables, to help us finance the project.


Next...
Why
The concept
The need
​Project timeline
Current site
Surveys
Access and drainage
Proposed site layout
What will they look like?
Passivhaus
Microgrid
Solar PV
Renewable heating
Electric vehicles (EVs)
Nature
Communal areas
Who can live here
How will we finance the project
Community consultation

Registered under  the Co-operative and Community Benefit Societies Act 2014 as a Community Benefit Society.  

Registration number 7353. VAT number 248 8969 32

​Registered address: South Dartmoor Community Energy, 2 Highfield Terrace, Bittaford, Ivybridge, PL21 0EW

info@sdce.org.uk       freephone 0800 112 3044

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