April update 5 - PURE Community
The PURE Community Energy Fund has been set up specifically for non-commercial organisations to provide cost effective financing for community renewable energy projects in the UK. We provide low-interest loans for small scale renewable technologies which can be repaid over a term that suits the cash flow for each individual project up to a maximum of five years.
Renewable technologies can help reduce energy bills, generate income and reduce carbon emissions as well as being a great educational resource. As a result, many charities, community groups and not-for-profit organisations are interested in installing renewable energy systems on their premises.
Whilst the cost of these technologies is falling, it is still prohibitive for many charitable organisations. Government subsidies such as Feed-in Tariffs and Renewable Heat Incentives can help generate income once the system has been installed, however, the initial cost outlay often presents a barrier to installation.
100% of funds generated from loan and interest payments are recycled to support additional projects. There is also the opportunity for individuals and businesses to donate to the fund and support more community energy projects across the UK.
The PURE Community Energy Fund is a non-profit making initiative.