Lochbroom Community Renewables Limited (LCR), aka BroomPower, 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. UCT undertook the initial feasibility studies for the project as well as helping to source the CARES loan (from Local Energy Scotland) which allowed the project to get underway. UCT is partnering closely with LCR, to ensure that any surplus generated from the scheme, are distributed back into community initiatives.
There are over 450 investors in BroomPower. 54% are from the local area and 46% from the wider UK and beyond, including the Netherlands, France, US and Japan. Many local investors did so on behalf of children and grandchildren highlighting the long-term community and environmental benefit of this community-owned renewables energy scheme.