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Total funding of £50,000 pa for the life of
the windfarm is proposed. The windfarm is planned to operate for
20-25 years, creating a total fund of between £1million and
£1.25million. Alternatively a £600,000 capital sum at
the beginning of the windfarm is offered.
If the larger turbines are permitted by the Council
and go ahead yielding up to 40% extra energy, then it is proposed
to increase the community fund by the same amount to £70,000
pa or £840,000 capital sum.
It is proposed that total funding is split equally
between two community funds, one for Maerdy and one for Treorchy.
It is proposed that a major part of the funds will be democratically
spent. Each resident of the community will have an equal vote on
how the funds are spent, rather than a controlling committee. It
is hoped this will foster community involvement and interest.
Funding rounds would take place every December,
with bids invited and then local residents voting on the bids through
public meeting and the community fund website. The first funding
rounds will take place in the year of constuction; ie next year,
although there may be provision for the Developer to bring this
forward to 2011 dependent on project progress.
Expressions of interest are invited now so we may
contact you in advance of the first round of funding.
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