03 May '11, 6am

Ingredients of Transition: Investing in Transition » Transition

Ingredients of Transition: Investing in Transition » Transition

Self Invested Personal Pensions (SIPPs): many people now have pension schemes which allow them to choose where it is invested. You can also transfer traditional pensions funds into a SIPP which then allows more flexible investment, including into local companies, land etc. (the rules of SIPPs set out the things that can, and can’t, be invested in). Transition offers the exciting possibility that such investment could be done collectively i.e. a number of people might invest their SIPP funds into a large piece of local land, which is then used to set up a Community Supported Agriculture scheme, or in a community renewable energy project. Local community-owned energy companies: e.g. TRESOC in Totnes, OVESCO in Lewes, Bath Community Energy and others… (see Tool 18)). These offer the opportunity for investments the results of which are highly visible in, and beneficial to, the...

Full article: http://transitionculture.org/2011/05/03/ingredients-of-tr...

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