Can I sell my shares?

You can’t sell your Reading Hydro shares in the first 12 months. After that, you can only sell them back to Reading Hydro CBS. Investing in Reading Hydro is intended to be for the long term, and it’s at the discretion of the Directors whether shares will be bought back, and only if funds are available.

Breaking News!!!

Group of Reading Hydro members celebrating by Caversham Weir

Fantastic breaking news – Reading Hydro has received a boost to our share raise, thanks to an offer of a £100k investment from Power to Change. With this we have reached our £700k target! Thank you so much to everyone who has invested.

Our share offer will stay open as stated to February 14th, but we may have to scale back applications for shares. To encourage community ownership, we will give priority to applications from Reading residents.

Are the interest rates limited?

Caversham Weir in Winter

Once the scheme is up-and-running, we aim to offer 4% interest to investors each year (or at the rate of inflation if that is higher). The rate is not guaranteed, it will be agreed by Reading Hydro members at the AGM and depend on the income and costs during the previous year. You can invest and chose not to receive interest.

To apply for shares go, to https://hydro.readinguk.org/shares/ or email us at reading.hydro.cbs@gmail.com if you have any questions.

What other examples are there of this type of plant?

SONY DSC

There are lots of hydro power schemes in the UK already using Archimedes screw turbines. We have learned and taken inspiration from them. There are five sites nearby on the Thames at Mapledurham, Osney, Sandford, Sonning and Windsor. Reading Hydro is really close to Reading town centre and the railway station, and by far the easiest one to visit!

To apply for shares go, to https://hydro.readinguk.org/shares/ or email us at reading.hydro.cbs@gmail.com if you have any questions.

Our Open Events kick off tomorrow

Hello, just a quick reminder of our Open Information Sessions over the next couple of days. If you would like to find out more about Reading Hydro, please come along and see us.

Monday 27th January from 7.30pm – 9pm at Watlington House, 44 Watlington Street, RG1 4RJ
Tuesday 28th January from 12.30pm – 2pm at Reading Borough Council Civic Offices, Bridge Street, RG1 2LU

Feel free to just pop along, no registration needed. We look forward to meeting you or if you cant make it, you can email us at reading.hydro.cbs@gmail.com