What is shared ownership?
Shared ownership is where a community group invests in a commercially owned renewable energy project.
The Scottish Government has set out an ambition for at least half of newly consented renewable energy projects to have an element of shared ownership by 2020.
What are the benefits of Shared Ownership?
- Communities can share in the wealth generated by the renewable resource in their area, creating a sustainable income stream of which they have control
- Developers can increase community engagement, access incentives such as rates relief and possibly add value to their planning application.
How we can help
We support communities interested in Shared Ownership of a renewable project.
We have created several resources for communities considering Shared Ownership opportunities:
- Supporting Shared Ownership Projects - our leaflet explains support available
- Webinar on Shared Ownership
- Webinar on financial basics
- Case studies to show what other communities have achieved
- Scottish Government Good Practice Principles for Shared Ownership of Onshore Renewable Energy Developments
- A Shared Ownership module in the CARES toolkit
- Indicative Finance Model – an interactive tool to give communities a better understanding of the project’s viability
- An online search facility to browse investment opportunities on the Local Energy Marketplace
- Frameworks of contractors to help community groups select legal, financial, project management and community engagement services quickly and with confidence
Other support includes:
- Enablement grant funding to access professional advice including financial advice and legal advice
- A development loan for pre-capital costs in a joint venture
- Support to apply to the Energy Investment Fund
- Support from our Local Development Officers and Shared Ownership Manager
Shared Ownership in Scotland’s national forests
Since 2010 Forestry and Land Scotland has made Community Benefit and a Shared Ownership offer mandatory on most renewable energy sites on the National Forest Estate.
Support is also available to those interested in developing a project on the National Forest Estate through CARES from your Local Development Officer.