What is the Community Benefit Fund?
The CBF is a community benefit fund and has been established as a means of enabling UCT to financially support community projects within its remit area. The fund came into existence through a partnership between Lochbroom Community Renewables (Broom Power) and UCT. Lochbroom Community Renewables Limited (LCR) is a Community Benefit Society which was set up by UCT to run renewable energy projects. Over the summer of 2016 it raised £900,000 in community shares to establish a hydro scheme in Lael Forest. http://www.broompower.org/ The CBF was set up to re-distribute the surplus income from the hydro scheme back into the community. UCT is hopeful that other current and future projects will also divert funds into the CBF.
Who are the CBF Panel?
Decisions about which projects receive funding are made by an independent panel of volunteers from the community including representatives from UCT, the Community Council and LCR. The work of the CBF panel is reliant on volunteers and UCT would like to thank those individuals for their commitment and time in refining and delivering the fund.
Past projects list of what was awarded
Community Benefit Fund Awards – 2021
Ullapool Swimming Club – Covid recovery £360
Lochbroom Community Council – Beach clean project £1000
Ullapool Sea Savers – Safety first £1,155
Ullapool News – Large print project £300
Scoraig Community Centre – Solar panels £1,500
Lochbroom Community Renewables – Planning fees Woodland project £420
Ullapool Community Trust – Housing survey £500
Lael Mountain Bike Trails project – £1,770
This round of funding was resourced from surplus income from the Broom Power Hydro scheme, plus donated dividends from shareholders and gift aid claimed on these donations. A total of £7,005 was awarded.