Hydro shares go on sale at last!

Shares in Abingdon Hydro’s co-operative hydro-electric scheme at Abingdon weir went on sale on Saturday at the launch in the Guildhall. Investment of £1.25 million is needed, and the directors are keen that most of this should come from small investors, i.e. local people. The shares are eligible for a 30% tax rebate under the government  Enterprise Investment Scheme (EIS), making it a very good deal for any taxpayer  investing, as well as a Good Thing for the community, who stand to benefit from any profits. You can see the share document at http://www.abingdonhydro.org.uk/assets/documents/prospectus or pick up a copy from Added Ingredients in Stert Street. The share offer closes 20th December. What are you waiting for?

This is what it will look like when it is built next year.