Published on March 12, 2014
Transforming communities through social investment sustainable energy – social investment – community – csr East of Essex Low Carbon Schools and Community Energy Conference March 2014 Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales Pure Leapfrog - Funding Community Energy Schemes
Pure Leapfrog mission Pure Leapfrog is the leading provider of social investment and professional support to community energy projects in the UK. We are a business led charity which works in partnership with Government, investors and communities. We bring together affordable finance and accessible expertise. Finance is secured through a credit facility from Big Society Capital. Expertise is provided by our professional partner network. Our mission is to ensure that community energy becomes a significant part of the sustainable energy mix in the UK.
90+ community energy projects supported to date Pure Leapfrog track record Fenham Leisure Centre Loan Capital – Big Society Capital, Project Sponsor – British Airways Staffordshire Sunny Schools Loan Capital – Big Society Capital Project Sponsor - Barclaycard Triple bottom line benefits of our loans Financial return: 4.62% Carbon reductions: 20kg per £1 loaned out Net community benefit: >£5 per £1 loaned out Ham Hydro Professional Services – Norton Rose, Grant Thornton
Why community energy? Stakeholders for sustainability – Converting NIMBYs into YIMBYs Economic multipliers – For every £1 that Pure Leapfrog lends, over £5 of net benefit is created in local communities Creating a new, sustainable energy business model – Making power users responsible for power generation
Staffordshire Sunny Schools We’re supporting Generation Community to install solar panels on 25 schools in Staffordshire The project will save between £1.8 – 2.8 million in electricity bills for the schools 15,000 school children will immediately benefit from the projects, learning a valuable lesson about the importance of sustainability Surplus income from the solar panels will create a £170,000 - £350,000 community fund to support further community initiatives in Staffordshire
Streets of solar We’re supporting Bristol Power Co-op to extend their Streets of Solar project to another deprived area of Bristol 23 households currently have installations and a further 25 are planned Householders will use around half of the energy generated by the panels, resulting in smaller bills for the residents and a reduction of fuel poverty Surplus income from the solar panels will create between £60,000 - £100,000 for Bristol power to fund further projects
Current state of play 600 community groups with a strong interest in renewables – 150-300 developed or developing a project 66MW generating, >200MW in development £17 million raised through 40 share offers from 10,000 investors
2020 ambitions 780 community energy companies – £1.5 billion raised from over 550,000 members – £2 billion raised in debt 3GW of wind, solar and hydro – 14% of total capacity for these technologies – 1.4% of total UK electricity consumption £1.3 billion to be re-invested back into communities by 2040 – 12 times greater 100% commercial model Community Renewable Electricity Generation: Potential Sector Growth to 2020, Peter Capener for DECC, January 2014
Importance of local authorities Local authorities are crucial to scaling up 1. Community property portfolios 2. Procurement power & supplier networks 3. Back office and administrative support 4. Finance (development, construction, long-term) Benefits of partnership with community energy 1. Community engagement & buy-in 2. LA needs to adopt “partnership mind-set”
Key sectors for scaling up Community “buy-in” to commercial projects – Getting the business case right from a corporate structure and funding perspective Collaboration with local authorities – Partnerships with existing community energy groups – How to support the development of new groups Commercial finance – Increase funding capacity to £10 million – Building investor base & pipeline
Robert Rabinowitz, firstname.lastname@example.org, 07939-884458 Eden House, 23-25 Wilson St, London, EC2M 2TE Tel: +44 (0)20 7825 4141 www.pureleapfrog.org Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales
Welcome to Pure Leapfrog! ... Our mission is to ensure that community energy becomes a significant part of the sustainable energy mix in the UK.
What we do ... that through the Pure Leapfrog Community Energy ... for community renewable energy projects and energy efficiency schemes. ...
Pure Leapfrog Community Energy Fund. ... PURE leapfrog manages this fund. PURE is a charity that provides funding to communities in the UK and the ...
We made this facility available to Pure Leapfrog ... community energy ... alongside private sector grant funding, is supporting an innovative scheme ...
A financial support scheme aimed at urban communities across ... Urban Community Energy Fund ... Sustainable Energy (in partnership with Pure Leapfrog):
Community Energy Finance April 2015 Pure Leapfrog registered Charity No. 1112249 ... Presentation for Sustainability West Midlands ... Pure Leapfrog.
Community Energy England was established in May 2014 as a not for profit organisation, set up to provide a voice for the community energy sector and...
The Rural Community Energy Fund (RCEF) is a £15 million programme, ... Funding; Print page. Back to top. Role . Anaerobic Digestion Operator. Brand Owner.
Invitation from Pure Leapfrog ... Finance and funding; Useful ... platforms can play in community energy and reflect on the realities of ...