New fund will support Community-led renewable energy generation

A new fund designed to provide a catalyst for the development of community-owned renewable energy infrastructure is open for applications.

The Community Generation Fund will provide commercial but creative loan funding for communities at the pre-planning (development) stage of their projects, as well as the construction (post-planning) stage. Project sizes from 25kWp capacity upwards will be considered, subject to assessment of technical viability, financial viability and social impact.

The level of project typically is likely to involve total feasibility/pre-planning costs of £20,000-£150,000 maximum (depending on technology and scale) and construction costs of £250,000-£2,000,000 maximum. At this launch stage, the Fund is focussed on supporting communities falling within the top 50% of latest Indices of Deprivation.

Communities are invited to submit pre-application outline project proposals by a closing date of 16th April 2012.

See the press release for full information.

The fund is being managed by the FSE Group (FSE) and lead partner National Energy Foundation (NEF).