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?
