As our share offer was due to close on 5th November, MaidEnergy had raised £37,000 of share capital in just 3 weeks.
This is a really exciting amount, but not enough to start our projects. However, we always knew that we were working in an ambitious timeframe brought about by the proposed changes to solar energy subsidies. Following the other changes to SEIS tax relief (see earlier blog and share offer document for an explanation of this), the Directors have decided to extend the share offer until 18th November.
This means that eligible tax payers will still be able to get 50% tax relief on their investments in our share offer. We are also talking with another Co-operative about a loan to help us reach our share offer target.
Keep applying for shares and watch this space.