Wolverton Community Energy

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Wolverton Communtiy Energy - outside of a building with solar panels on

Wolverton Community Energy are based in Milton Keynes. They develop and manage community-owned solar PV and supply greener, cheaper solar energy to local businesses, the majority of which are charities and social enterprises. In addition, they run projects which help to improve energy efficiency within their community. This includes the Home Energy MK programme, supporting homeowners wishing to stop heat loss from their homes and cut energy costs.

Duration
14 years
Cost of capital
5-6%
Turnover
£55,000
Investor Details
Big Issue Invest
Amount invested
£257,000
Product type
Blended – part grant, part loan

Addressing Imbalance Hackathon: 1 month on

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In September, Good Finance partnered with the Diversity Forum and the Connect Fund to deliver the Addressing Imbalance Hackathon – a fast-paced day of brainstorming solutions to tackle the challenges under-represented leaders and communities face disproportionately around accessing social investment...

Stress test

Sometimes referred to as pressure, in the social investment process these terms might be used to describe testing a financial model to determine how a business might react under pressure or a worst-case scenario. So, what would happen to your profit and loss or cash flow numbers, or the financial model for your organisation in under less-than-ideal circumstances?

Additionality

As a concept, additionality is about understanding the extent to which something happens as a result of an intervention, and what would have happened without that intervention. It enables us to understand how adding something new or different has resulted in a particular impact or created additionality.

Asset Lock

A rule which prevents the residual assets of the society being distributed to members. If a society has an asset lock, its rules will usually specify what must happen to these residual assets; normally they are transferred to another asset-locked body with similar aims and objectives to the society that is being wound up.

Statutory Asset Lock

An asset lock which is baked by legislation (statute); once in place it cannot be removed even with the consent of members. It is possible to include an asset lock rule in any type of society, although only a statutory asset lock in a ‘community benefit society’ is absolutely watertight. Charities and ‘community interest companies’ also have statutory asset locks