HEATING UP - A co-operative share offer to bring neglected woodlands back into productive use has attracted more than £159,000 in six weeks as it seeks members to fire up its landmark scheme. Woolhope Woodheat is aiming for a 900-tonne reduction in Herefordshire’s carbon emissions by becoming the first co-operative in the country to heat organisations using locally sourced woodchip. Potential members are invited to invest in the co-operative with a minimum investment of £250 and a maximum of £20,000, with a view to raise £324,000 equity to get the project underway. The cash raised will be used to install clean burning woodchip boilers and provide a stimulus for better woodland management. Woolhope Woodheat plans to install the first woodchip boiler at Canon Frome Court, a community comprising 19 homes and set on a 40-acre organic farm. Having attracted approximately half of the investment required, the share offer is extended to September 28. Visit woolhopewoodheat.org.uk to find out more.
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