Decision details

595 Share Purchase Reading Community Energy Society

Decision Maker: Executive Director of Economic Growth & Neighbourhood Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


Decisions set out in the book have been made under delegated powers by the Chief Executive, Executive Directors or the Chief Finance Officer and Monitoring Officer, in consultation either with the relevant committee or Lead Councillor.

The Decision Book process has been altered to suspend the current Councillors’ call-in arrangements within the 10-day period after its publication and replace it with the ability during that period for three Councillors to request a retrospective review of the decision in writing to the Head of Legal and Democratic Services.

The decision book can be accessed on the Council’s website –

The officer reports accompanying the decisions are attached.

Contact: Richard Woodford Committee Services
Tel: 0118 937 2332


This report sets out the decision to purchase shares in a second share offer issued by Reading Community Energy Society (RCES).

Further to the delegation detailed in paragraph 1.3 above it is the decision of the Executive Director for Economic Growth and Neighbourhood Services in consultation with the Lead Councillor for Strategic Environment, Planning and Transport that the Council purchase 50,000 shares in the second share release of Reading Community Energy Society at a cost of £1 per share taking the total number of shares (inclusive of the previous 10,000 purchased in 2016) to 60,000.

Publication date: 21/05/2020

Date of decision: 21/05/2020

Accompanying Documents: