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News | Osney Lock Hydro


Pledge target reached in just 9 days!

16 April 2013

Wow! We’ve hit our pledge target in just 9 days! Given the phenomenal response to the share offer we are now reassessing our financial model to calculate the potential to accept a greater level of investment. This would enable us to reduce the level of loans taken out to fund the project.

We currently estimate we expect to increase the amount of investment we can accept, however we want to take advice and will announce our final decision on the website as soon as possible.

Investment reaches £150,000 in first week

15 April 2013

We have been bowled over by the phenomenal interest we have received in the first seven days since the share offer launched. Pledging via the website started within minutes of the offer going live, and has continued steadily ever since – with almost £50,000 pledged via the site on Sunday alone. Of the £219,00o pledge to date – over £150,000 has been received as applications.

Thank you to everyone for your amazing support of the project.

Planning permission granted

On 31st January 2013 Oxford City Council granted planning permission for the microhydro generator and visitor information centre, subject to various conditions.

Despite WOCoRe’s and their designer’s best efforts, the council Tree Officer decided that the scheme could not go ahead unless the Himalayan Cedar on the site be removed. The reason given is that it is a non-native species, and not a good example of that species in any case. The council are keen to encourage native biodiversity, as are WOCoRe and OLH, and the hydro development team will therefore produce a brief for a landscape designer that has this objective at its heart.

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