[SCR-Potential-Investors] Sheffield Renewables Share Offer

[Jean Tinsley]

Dear Potential Investor,

We are sending all those who have indicated an interest in investing with us an occasional email to keep you informed of our progress.

The Jordan Dam planning application was GRANTED on May 18th.  The specification for the final Ecology report has been agreed with the Environment Agency, and ECUS has been commissioned to complete this work.  We hope to complete the Abstraction Licence in June.   We are currently in the process of recruiting a Construction Project Manager.

The Kelham Island planning application is on hold while we address visual elements and the fish pass.

This year so far we have been awarded funding towards our core costs from ERDF Access Fund (£5,000) and Co-op Hubs (£25,000).  Also Key Fund have converted a loan to equity (£4,415).  We have been successful in an application to APE for grant funding for our Powerstation Sheffield Project.  More details of this will be in our June Newsletter.

We have recruited Mark Wells to do some much needed Management Support on a temporary basis; and Matt Hilton as Project Developer for the Powerstation Sheffield project.  Cariad Thomas Cooke has been given a renewed contract for a further year as Project Officer.

We had good press coverage when we submitted the planning application for Jordan Dam (including a brief mention on Calendar News).  We had an exhibition of our hydro schemes in a shop window in the city centre during April.

An Outline Business Plan has been submitted for our European Regional Development Fund bid and we are currently agreeing revisions with Yorkshire Forward.  We have also submitted a bid to CO2Sense for £100,000.

As many of you know, we organised a tour of the hydro sites and talk on the share offer for potential investors on May 7th.  Twenty four attended and we think it was a very successful day.  We will be having a stall at Peace in the Park on June 4th and The Green Fair on June 25th.

We are now planning the launch of our Early Bird Share Offer on Saturday, September 3rd.  More details will follow in our next occasional email.

If you do not wish to receive these occasional updates, please let me know and I will remove you from the mailing list.

Regards,

Jean Tinsley
Sheffield Renewables

Sheffield Renewables Ltd is registered in England & Wales, reg.no. IP030736.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://www.email-lists.org/pipermail/scr-potential-investors/attachments/20110524/4bcc80d5/attachment.html>