Our Structure

 

West Cornwall Community Renewables (WCCR) is a registered society under the Co-operative and Community Benefit Societies Act 2014. Registered no: 31456R. (Registered societies for community benefit were previously called Industrial and Provident Societies.)

Registered Societies are different to a commercial company in a number of ways:

  • it is for public benefit rather than personal gain
  • it is under democratic control with one member one vote regardless of shareholding
  • it can raise money by issuing withdrawable share capital (subject to certain conditions)
  • there is a limit set on an individual shareholding
  • it can provide a reasonable rate of return to investors

We are registered with the Financial Conduct Authority (not Companies House).

 

Further information about registered societies:

 

[Updated: 05/04/2015]

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