Just a quick note to let you know where we’re up to with the leases for our solar project.
We’ve made good progress since our last update:
- We reached an agreement with Salford City Council today on the content of the leases for the schools, and the Mayor has given his authorisation for the leases to be signed.
- The final draft of the lease for The Fuse is being prepared, and is awaiting the consent it needs from a third party before it can be signed off.
While we’re getting closer, the leases haven’t been signed on the dotted line yet and so we haven’t released the funds from our investors today – as outlined in our share offer, we will only do so when the agreements have been secured.
Thanks for bearing with us, and we’ll update you again as soon as we have any more news.