The Bencom and the Co-op

Low Carbon Ladock Ltd “Bencom” & Ladock Carbon Co-operative Ltd “Co-op”

These 2 organisations have been set up to manage and distribute the income from the low carbon installations put in place on houses, village halls, schools and pubs in Ladock parish over the last 18 months (including Grampound Road & Ladock villages + surrounding farms etc.)

Everyone who lives and /or works in the parish is invited to become a Member of both these organisations. It has to be both, not one, to avoid any conflict of interest.

People in adjacent parishes can also become Members, but are not entitled to have installations made on their property.

To become a Member, it costs £1 to buy a share in the bencom and the same for the co-op. Members will NOT be personally liable for anything other than their £1 shareholdings.

The objectives of the bencom and the co-op are below and these are what you will be signing up to if you become a Member.

What will the bencom do?

The bencom will act as custodian of the money from Feed in Tariffs and other income / grants or funding we acquire AND be responsible for paying for the ongoing maintenance of existing equipment installed under the project.

The Members of the bencom need to appoint / elect a committee of an agreed number who will manage the day to day functions outlined above, like investing the money wisely and dealing with maintenance contractors.

What will the co-op do?

‘The co-op will be responsible for:

  1. setting the rules for how the funds are distributed,
  2. for implementing those rules when people in the community apply to have equipment, insulation or other low carbon measures installed  AND
  3. putting in place & managing the contracts with suppliers for the work to be done.

The rules will include how often applications will be considered in a year and will try to maintain a balance between reducing carbon and generating further income for future re-distribution. They will need to take into account the experiences of those who already have installations on their houses, as they can say how well different types of installation work.

What else?

Both organisations are registered with the Financial Services Authority and must submit annual accounts to that body. Both must hold an Annual General Meeting and invite all Members to attend.

Registered objects of the bencom and co-op

These are the things that both the bencom and the co-op can do under their objects. This does not mean they have to do all of them immediately, or that they have to do them at all; they are just the things they can choose to include in their activities:-

(a) The promotion of the conservation, protection and improvement of the natural environment and prudent use of natural resources for the benefit of the public by:

  1. Advancing education and raising awareness of climate change, resource scarcity, peak oil and economic resilience;
  2. Promoting individual, community and organisational commitment to a reduction in CO2 emissions;
  3. Energy saving;
  4. Reducing reliance upon carbon emitting energy sources, and increasing resilience to resource scarcity;

(b) The promotion of sustainable development for the public benefit by

  1.  The preservation, conservation and protection of the environment and the prudent use of natural resources
  2. The promotion of sustainable means of achieving economic development and regeneration in order to reduce reliance on scarce resources including oil

(c) The prevention or relief of poverty in Ladock (parish) and surrounding areas by providing grants, items and services to individuals in need and/or charities; or other organisations working to prevent or relieve poverty.

(d) The creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms.

(e) The maintenance, improvement or provision of public amenities.

(f) The protection or conservation of the environment.