Dispensing Community Benefit for Beinneun, Cour and Grange Windfarms.
Octopus Investments operates the following community benefit funds;
- Beinneun Community Wind Benefit Fund
- Cour Community Wind Benefit Fund
- Grange Community Wind Benefit Fund
We will ensure that the communities in and around projects realise the benefit from the revenue streams generated by these community assets on a sustainable basis. It will be a key criterion for approval of projects selected for community benefit funding that these projects materially contribute to the on-going economic, environmental and community well-being of their areas and wherever possible will act as catalysts for securing further benefits, funding and investment.
The Fund Manager is responsible for, amongst other things:
- stimulating, developing and supporting appropriate funding applications;
- the administration and delivery of a fair and transparent project selection process;
- raising awareness of the availability of other sources of funding and, where possible, supporting applications to these funds and seeking to match and additionally fund supported projects;
- oversight of projects in progress; and
- managing communications and publicity for activities and successes of the funds;