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Community Finance Partnerships Mick Brown Founder member, Robert Owen Credit Union Project Designer, Robert Owen CBP PowerPoint Presentation
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Community Finance Partnerships Mick Brown Founder member, Robert Owen Credit Union Project Designer, Robert Owen CBP Manager, Robert Owen Community Banking Ltd Director, Robert Owen Renewables. The Benefit of Partnership Approaches to exploit a Local Market Opportunity

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Presentation Transcript
slide1

Community Finance Partnerships

Mick Brown

Founder member, Robert Owen Credit Union

Project Designer, Robert Owen CBP

Manager, Robert Owen Community Banking Ltd

Director, Robert Owen Renewables

slide2

The Benefit of Partnership Approaches to exploit a Local Market Opportunity

Financial Mechanisms and what is already in place.

A local initiative – to generate local renewable energy

Extending the model to other Regions

slide3

A. The Benefit of Community Finance

  • Our Local Economy
  • Local Resilience: we have made ourselves over dependent upon private sector investment, private sector development and private sector ownership of capital and energy.
  • Energy Security: return to collective ownership – independent of external capital
  • Build upon what we already have in place
slide5

B. Financial Mechanisms and what is already in place.

A CBP – a community banking partnership

  • Local credit union
  • CDFI (community development finance institution)
  • IPS share company
  • Newtown 2020 Environmental Group
  • Public Sector Partners
  • Energy Advisory Agency
a local credit union

An FSA regulated co-operative with deposit taking permissions.

An existing membership base

Financial transaction services

Local high street presence.

A local credit union
slide7

Robert Owen Community Banking Fund Ltd

A community development finance institution - CDFI

  • Take in Investment finance
  • Loans to Businesses
  • Personal Loans – eg ZILF
  • Social Enterprise Loans
  • Contract partner with Local Authorities
    • CITR eligible
    • Not FSA regulated
    • But CCA licensed so OFT compliance
slide8
Rules - Co-operatives UK model

A bona fide co-operative

Share issues

EIS eligible

Support other renewable enterprises

Robert Owen Renewables Ltd
penarth weir

Development Costs £475,000

Grant Funds £45,000

Public Sector investment £255,000

3rd Sector investment £45,000

Community Investments £130,000

Penarth Weir
creating new active partnerships greensaver account
Creating new active partnerships - GreenSaver Account

Act as a reservoir of finance for the renewables company,

issue share certificates, statements and payment receipts etc

Automatic dividend payments into shareholder's accounts, BACS transfers and withdrawals.

Create new local markets of potential share purchasers.

An active partner.

Share financial expertise across the community sector.

slide11

Capacity

  • Initial feasibility carried out in 2010 commissioned by local community group
  • Established capacity for approx 100kW generator
  • Estimated project cost £475k
  • Estimated annual income £80k - £100kfor 20 years
  • November 2010 – negotiated exclusivity deal (and rent schedule) with British Waterways
slide13

www.rocbf.co.uk

mick.brown@rocbf.co.uk

01686 623741

07810 542 544