Residents are being urged to support a community scheme to fund the first of two turbines in a village to produce renewable energy.
A share offer has been launched to raise money to generate energy on the River Lune in Halton, near Lancaster in Lancashire, which can be sold to local eco-homes as well as the national grid.
Around £950,000 needs to be raised through a combination of community investors and loan finance, with profits benefiting charitable, educational and environmental projects in the area.
Kevin Frea, a founder member of Halton Lune Hydro, said: “This is an exciting opportunity for people to play a part in the creation of a community-owned co-operative generating clean, green, renewable energy. The enthusiasm and support that we have seen so far for the scheme, which we believe to be the largest community-owned hydro under way in England, has been incredible.”
Michael Fairclough, head of community and co-operative investment at the Co-operative Group – which is helping the venture – said: “By working together, people can be powerful catalysts for change capable of overcoming many of the challenges facing today’s society, the environment and economy. Co-operation can be key to communities bringing about the change that they would like to see.”