NEW Unique Investment Opportunity
Saving lives with solar – a unique partnership project with the University Hospitals of the North Midlands Trust and fuel poverty charity Beat the Cold
Late August 2015, while putting panels on the 283rd out 0f 314 council bungalows of the award winning project from our sister organisation Chase Community Solar, we were approached by the University Hospitals of North Midlands NHS Trust.
Having heard about the Cannock Chase project they were interested in the possibility of us helping with a Community Benefit Scheme to install Solar PV that would not only result in cost and carbon saving for the Trust but also allow them to provide a benefit to the local communities around their hospitals.
Our mood quickly shifted from cautiously interested to positively zealous as the Government slashed their support for renewable technologies requiring us and the Trust’s Estates team to work fast together to survey, model and apply for Ofgem Pre-registration by the end of September deadline.
For the last 11 months with the same level of commitment and discipline as our previous projects, applying our cumulative learning and experience dealing with multiple stakeholders we have put together a unique investment proposal.
From the outset we have been driven by the idea of creating a replicable sustainable model with, at its heart, a Community Fund the impact of which was quantifiably deep and far reaching.
Based on tremendous cooperation between the Trust Sustainability and Estates team, Head Consultants of Elderly and Respiratory Disease in A&E and local fuel poverty charity Beat the Cold we believe we have fulfilled this ambition with a plan constructed, managed and measured with academic rigour. We believe that our interventions amongst the elderly “frequent flyers” who live in areas around the A&E units with fuel poverty rates up to 4 times the national average will bring major health benefits.
However the benefit is not just confined to the use of the Community Fund. The power generated on the hospital’s roofs will save 2337 Tonnes of CO2 as well as potentially insulate the Trust against between £20000 and £600000 of electricity inflation money that will be directly reinvested in improved hospital services.
We hope that you will be able to join us by investing in one of the last FIT supported schemes and one that has ambition to leave a truly unique legacy for the communities that the Stoke and Stafford Hospitals serve.
More details are available from our ethical investment partner ethex: