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.