Providing small, low interest loans to communities to meet the costs of installing renewable energy equipment
Big Society Capital has invested £1,000,000 to PURE to provide small, low interest loans to communities to meet the costs of installing renewable energy equipment, and is keen to support all technologies eligible for the Feed-In-Tariff or Renewable Heat Incentive. PURE will normally lend up to 50% of project costs to a maximum of £50,000. The fund accepts applications from charities, community energy cooperatives and other organisations operated on a not-for-profit or community interest basis.
PURE looks to invest into projects that deliver environmental, social and economic benefits to the 50% most deprived communities in the country, as measured using the Government's Index of Multiple Deprivation.
Outcomes:
Health, healthy living and lifestyle
- Increase in number of people feeling active and able
- Increased access to affordable and accessible health, sport and fitness facilities
Personal and social well-being
- Fewer people feeling isolated, excluded or lonely
- More people have aspiration, motivation, purpose, sense of meaning
- Improved community cohesion and community relations, neighbourliness
- Increased access to social infrastructure for social networking
Local area and getting around
- Improved access to and use of local facilities
- Increase in community assets, community facilities and centres
- Increase in quality public spaces, parks, recreation grounds
- Increased community cohesion
Arts, culture and recreation
- Increased accessibility of arts and cultural facilities
- Increased accessibility of sports facilities
- Increased participation in arts, culture and sports
- Community owned facilities
- Local culture and heritage
Beneficiaries:
- Individuals
- Community, Sector and Society