The Windfall Fund at a Glance
The Windfall Fund has been established from proceeds from the new Hyndburn wind farm on Oswaldtwistle Moor. The Fund is a community benefit fund that is being provided by EnergieKontor, the wind farm developer, and we have secured an agreement with EnergieKontor to manage the Fund on their behalf for the lifetime of the wind farm. Grants are available to community groups throughout Hyndburn for environmental projects which will improve the quality of life of local residents and contribute to the sustainable development of the Borough.
This means money is available for environmental projects in Hyndburn for at least the next 20 years!
The Fund has three strands; one for mini projects with grants up to £1,000; one for small projects with grants from £1,001 to £5,000 and one for larger projects from £5,001 upwards. The Windfall Fund is available to any not for private profit organisation in Hyndburn including community groups, charities, community interest companies and social enterprises. All groups/organisations wanting to apply have to be formally constituted and have their own bank account.
There are usually several closing dates for applications throughout each year and all potential projects have to fit under at least one of Prospects's 6 themes of sustainability (Biodiversity, Energy, Sustainable Transport, Waste & Recycling, Local Food and Raising Environmental Awareness). The idea is to try and attract other sources of match funding for the projects which will significantly increase the value of the Fund and the amount of money being brought into the Borough.
We are looking for projects which will improve environmental sustainability within Hyndburn, increase awareness of environmental issues and of course deliver good value for money!
Ideas for potential projects include woodland planting/management; stream clearance; community composting; promotion of real nappies; recycling old bikes; energy efficiency in community buildings; community allotments; and renewable energy generation.
So start thinking about what could be done in your area and if you have an idea for a project then contact the Windfall Fund Co-ordinator for further advice and details - gemma.mcmullan@prospectsfoundation.org.uk
