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£1m from Big Society Capital to help fund community energy projects

18 Oct 2012 - 16:10 by michelle.foster

Big Society Capital is to invest £1 million in PURE, the Clean Planet Trust, which will enable it to fund up to 70 community energy projects in deprived communities in the UK.

PURE’s Community Energy Fund combines both social and private investment: Big Society Capital’s investment will be boosted by donations from companies such as Barclays and British Airways.

PURE provides low interest loans to community-led projects, enabling them to afford to set up small-scale renewable energy schemes. So far it has used funds from Big Society Capital to issue around £150,000 of low interest loans to five community based projects.

For further information, visit: www.puretrust.org.uk

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