Latest community shares
Sunart Community Hydro
A 100kWh hydro-electricity scheme to generate income for the local community.
Shares available: £850,000.
The Low Carbon Hub
This community share raise will put local power in the hands of local people and bring renewable energy to 18 local schools and several businesses.
Shares available: £1.5m
A week dedicated to raising awareness of ethical finance has launched.
Good Money Week (from 19 October) aims to highlight various sustainable investment options with the public. It is also asking people to write to their MP to encourage the government to set up a Sustainable Spending Scorecard.
“It’s a co-operative campaign about raising awareness of sustainable finance and ethical options, those including credit unions, building societies and co-ops,” said Lisa Stonestreet, Programme Director of the UK Sustainable Investment and Finance Association (UKSIF) and project manager of Good Money Week.
BCRS contributes to West Midlands economy
Finance co-operative BCRS has contributed over £60m to the West Midlands economy in the last year through business loans that have created over 400 jobs and safeguarded over 1,000.
The lender provides loans to SMEs ranging from £10,000 to £100,000 and its sole purpose is to provide access to finance to enable businesses to grow and prosper. Loans are offered to businesses making a positive contribution to the social, environmental or economic well-being of the West Midlands.
BCRS chief executive, Paul Kalinauckas, said: “BCRS have had a powerful impact on the economy of our region. Central to our role as a loan provider is the local impact as a result of our invested capital. Impact measurement is integrated into BCRS’s investment process in a number of ways. One of our first steps in the loan procedure is to determine the effect that this loan will not only have on the business but the bearing it will have on the people and businesses residing and working in the local vicinity.”