A COMMUNITY energy group is launching its second share offer next week.

Burneside Community Energy (BCE) successfully raised quarter of a million pounds from local shareholders in 2015 to install 250kW of Solar PV on the roof of James Cropper plc. That system has been running above expectation and to date, £5,000 has been earmarked for community projects.

In light of the success of the first phase, the group are now planning their second installation of solar PV, again in partnership with James Cropper plc. They aim to raise an ambitious £330,000 this autumn by offering further shares in BCE, which they anticipate will generate annual interest of more than 4.5 per cent.

The share offer will launch at a special event on Wednesday October 24, at 7pm, in The Bryce Institute, Burneside, where prospective investors can meet the directors of BCE, see the share offer document and register to invest. The share offer will close when the target is met, or on Friday November 21, whichever is the earlier.