British multinational retailer Marks & Spencer has launched a community energy fund to support community renewable energy projects across the UK.
M&S Energy will arrange for £400,000 to help finance not-for-profit organisations intending to start up renewable energy installations in order to provide assistance that will benefit communities.
Head of M&S Energy, Jonathan Hazeldine commented on the design of the fund by stating: “The M&S Community Energy Fund will enable a wide range of groups to get their projects off the ground and we’re looking forward to hearing about innovative projects that will benefit local communities across the UK”.
Energy minister Lord Bourne also commented by saying the fund will “bring greener, cleaner energy supplies to local communities”.
After applying for projects, M&S Energy will then narrow down the shortlist that will then be voted on by the general public. By using this method, M&S Energy then allow the public to choose what they believe is most beneficial to them.
Applications will be accepted until 29th July. The public voting will begin on 17th August and close on 30th September.
For more information on how to apply, click here