Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
You could lose all the money you invest
If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail.
You are unlikely to be protected if something goes wrong
Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here.
Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
You won’t get your money back quickly
Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early.
The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.
If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these.
Don’t put all your eggs in one basket
Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
The value of your investment can be reduced
The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.
These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment. If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
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Invest in a cleaner energy system for the next generation
Thrive’s mission is to power the transition to a sustainable energy future by enabling people to invest in new clean energy projects.
Since starting almost thirty years ago Thrive has funded 39 clean energy
projects across the country. It has raised £58 million from a community of over 6,000 Shareholders and 1,000 bondholders and manages over £110 million of assets.
“ I’m delighted to provide you with the opportunity to put your money to work building a clean energy future here in the UK.
With the climate emergency worsening and manifesting itself in heat waves, droughts and catastrophic flooding (to name just a few), it is easy to feel incredibly powerless and frustrated. But your money can make a real difference. New renewable energy projects help tackle the climate emergency by replacing our need to burn fossil fuels, ultimately lowering energy bills and creating benefits for communities.”
Jo Butlin, Chair, Thrive Renewables
The share offer
Thrive has ambitious plans to build more onshore wind, solar, geothermal and battery storage projects over the next five years. This £2 million raise is part of a wider share offer to raise £10 million in the next six months.
Thrive’s pipeline of projects includes helping to fund 192 MW of new solar PV and battery storage through its £20 million investment in Ethical Power. The company also plans to fund more ‘direct wire’ projects, giving UK businesses access to a direct supply of clean electricity, and community energy groups building their own clean energy projects locally. The investments that Thrive makes will be subject to its financial and impact driven criteria and to market conditions.
Key terms
Issuer
Thrive Renewables Plc
Target amount
£2,000,000 (up to £10,000,000)
Term
This is an investment in the shares of an
unlisted company and there is no guarantee over the availability or timing of
an exit. Thrive Renewables Plc is not listed on a recognised exchange.
Minimum investment
£243 (100 shares)
Offer price per share and share bundle
£2.43, shares to be bought in bundles of 100 shares (£243)
Target return
5-8% per year through a combination of dividends and share price
appreciation. The range of return outcomes reflects the dynamic and shifting
nature of the energy market. Payment of dividends is not guaranteed.
Example share bundles
Number of shares (£2.43 each)
Number of units (100 share bundles)
Investment amount
100
1
£243
200
2
£486
400
4
£972
500
5
£1,215
1,000
10
£2,430
1,500
15
£3,645
2,000
20
£4,860
5,000
50
£12,150
10,000
100
£24,300
Impact
Thrive will continue to invest in new renewable
energy generation with wind, solar and hydro alongside battery storage and
other assets needed for the transition to net zero.
Tax relief
Like all shares in unlisted companies, Thrive shares can qualify for inheritance tax relief. Tax eligibility and savings depend on individual circumstances and are subject to change.
Transferability
Shares are transferable but are not listed on any investment exchange. Thrive shares can be traded through monthly share auctions. It may be difficult to sell shares at a price investors wish to sell them for and the shares may take time to sell. Investors shouldbe prepared to hold the shares for the long term.
Timetable
Promotion of the offer on the Triodos platform will close at midnight on 3rd December 2023. Shares are issued 14 days after close.
Capital at risk warning
Investing in the shares of a company involves risk – including potential for loss of capital – as the value of shares may go down as well as up. The payment of dividends and the target return on equity are not guaranteed.
“ I’m delighted to provide you with the opportunity to put your money to work building a clean energy future here in the UK.
With the climate emergency worsening and manifesting itself in heat waves, droughts and catastrophic flooding (to name just a few), it is easy to feel incredibly powerless and frustrated. But your money can make a real difference. New renewable energy projects help tackle the climate emergency by replacing our need to burn fossil fuels, ultimately lowering energy bills and creating benefits for communities.”
Jo Butlin, Chair, Thrive Renewables
Thrive Renewables
Thrive’s mission is to power the transition to a sustainable energy future by enabling people to invest in new clean energy projects.
Since starting almost thirty years ago Thrive has funded 39 clean energy projects across the country. It has raised £58 million from a community of over 6,000 Shareholders and 1,000 bondholders and manages over £110 million of assets.
The share offer
Thrive has ambitious plans to build more onshore wind, solar, geothermal and battery storage projects over the next five years. This £2 million raise is part of a wider share offer to raise £10 million in the next six months.
Thrive’s pipeline of projects includes helping to fund 192 MW of new solar PV and battery storage through its £20 million investment in Ethical Power. The company also plans to fund more ‘direct wire’ projects, giving UK businesses access to a direct supply of clean electricity, and community energy groups building their own clean energy projects locally. The investments that Thrive makes will be subject to its financial and impact driven criteria and to market conditions.
Key Terms
Issuer
Thrive Renewables Plc
Target amount
£2,000,000 (up to £10,000,000)
Term
This is an investment in the shares of an unlisted company and there is no guarantee over the availability or timing of an exit. Thrive Renewables Plc is not listed on a recognised exchange.
Minimum investment
£243 (100 shares)
Offer price per share & share bundle
£2.43, shares to be bought in bundles of 100 shares (£243)
Target return
5-8% per year through a combination of dividends and share price appreciation. The range of return outcomes reflects the dynamic and shifting nature of the energy market. Payment of dividends is not guaranteed.
Share bundles
Number of shares (£2.43 each)
Number of units (100 share bundles)
Investment amount
100
1
£243
200
2
£486
400
4
£972
500
5
£1,215
1,000
10
£2,430
1,500
15
£3,645
2,000
20
£4,860
5,000
50
£12,150
10,000
100
£24,300
Impact
Thrive will continue to invest in new renewable energy generation with wind, solar and hydro alongside battery storage and other assets needed for the transition to net zero.
Transferability
Like all shares in unlisted companies, Thrive shares can qualify for inheritance tax relief. Tax eligibility and savings depend on individual circumstances and are subject to change.
Minimum raise
Shares are transferable but are not listed on any investment exchange. Thrive shares can be traded through monthly share auctions. It may be difficult to sell shares at a price investors wish to sell them for and the shares may take time to sell. Investors shouldbe prepared to hold the shares for the long term.
Timetable
Promotion of the offer on the Triodos platform will close at midnight on 3rd December 2023. Shares are issued 14 days after close.
Capital at risk - warning
Investing in the shares of a company involves risk – including potential for loss of capital – as the value of shares may go down as well as up. The payment of dividends and the target return on equity are not guaranteed.
Please note that payment of dividends is not guaranteed and is dependent on the continued successful operation of Thrive Renewables. Share prices can go down as well as up.
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Investments offered on this platform are not readily
realisable, which means that they may be difficult to sell and you may not get
back the full amount invested. Investments are not covered by the Financial
Services Compensation Scheme (FSCS) and your capital is at risk and returns are
not guaranteed. Repayment of capital and interest or payment of dividends will
be dependent on the success of the organisation's business model and past performance isn’t a
reliable indicator of future performance. You should
always read the offer document in full before deciding whether or not to invest as it
will cover risks specific to an individual investment. You can read more about
the general risks associated with making these types of investments. If
you are unsure if any of these investments are right for you, you should
contact an Independent Financial Adviser.
Triodos Bank UK Ltd. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.
