Community Fund – WREN – November Update

WREN launched the Wadebridge local currency (in the form of Wr.25 notes, worth £25).  These can be spent in 50 local businesses and are redeemed by WREN at £22.50, thus generating a small surplus for the WREN community fund.

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We have now completed our current programme of free cavity and loft insulation. We have insulated 95 homes producing an estimated energy saving of £7845 per year, and saving 33.5 tonnes of CO2 annually.  In addition the programme generated £1975 for local businesses in the form of our local currency given away with each installation.

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The WREN Board decided to launch the WREN Energy Company.  The first step is to assemble an investible portfolio; to achieve this we are seeking local roofs on which to mount solar Pv.  Investors will receive a competitive return n their money while the participating householders will get the benefit of the free electricity they use.

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We have negotiated an arrangement with Good Energy who supply 100% renewable electricity.  People who sign up with them receive Wr.25 with an additional donation going into the community fund.