There is still time to become an investor in Green Energy Mull. It is almost a year to the day since we launched the share sale, and since then over 200 people have become investors. As the scheme is progressing well through the construction phase there is still time to become a share holder, but we will have to call a halt to investments soon. We have smashed our initial target of raising £330,000. Our totaliser sits today at over £450,000 which is a staggering amount of money. This is a great scheme and one that will help to improve the lives of islanders for many years to come.
As I mentioned at the General Meeting back in August the budget for this project is tight and any additional income that we can raise will mean that we do not have to seek additional loan finance if necessary. I realise that there are a number of similar community based renewable energy schemes out there seeking investors, but all I can do is ask for your additional support.
If you have already invested in GEM, you are more than welcome to invest further. With bank interest rates still so low, this is still a good scheme to be involved with. The weather over the last few weeks has been especially wet and it is grand to think that soon we will be able to harness this rain and make some money out of it for the communities of Mull and Iona.
A share Prospectus can be downloaded from this web site, but if you have any specific questions, please let me know.