Share Certificates issued to first investors

Everyone who invested more than £500 and who indicated that they wished to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief because they participated in the first £150,000 of  investment raised should now have received their share certificates. We now have to spend at least 70% of that money before we can issue any more certificates. We expect to achieve this by placing a deposit on the turbine and paying other expenses incurred in the next couple of weeks.

The 50% tax relief on the capital invested can be claimed for either the current, or the previous tax year. However, we can’t apply to be registered for SEIS until we have spent 70% 0f the amount raised. We will notify eligible investors, who have up to five years to claim the relief, when we are registered. Full details of the SEIS scheme are available here.

All other investors who buy shares for more than £500 are eligible to receive EIS tax relief on 30% of their capital in the tax year they make the investment. Details are available here.