How are your savings and investments performing?
Would you be interested in investment opportunities that are green, ethical, sized to suit all appetites and eligible for tax relief of up to 30% on the amounts invested?
Urras Energy, based in the north of Lewis, has launched a community share offer that does all that. It plans to raise £600,000 by mid-January and has already reached over £200,000.
Anyone over 16 years old with a UK bank account, or businesses or constituted organisations, can invest an amount between £250 and £100,000 in this scheme and receive an estimated return of 4-6% per annum over 20 years.
These projects are typically eligible for the UK Government’s Enterprise Investment Scheme (EIS) which can allow individual taxpayers to claim relief of up to 30% on their initial investment sum.
Your investment will form part of fund-raising by the Galson Estate community to deliver two new 900kW wind turbines costing £2.8m in total. Profits from these turbines will be used to deliver high priority local projects that will help to create a long-term sustainable future for the community.
Features of EIS
Up to 30% tax relief for UK taxpayers
Applicable to more than one tax year, if necessary
Unrestricted relief within minimum/maximum limits set by the share offer
Established by UK Government to encourage investment in smaller trading companies through a range of tax reliefs for individuals purchasing new shares.To find out more: go to