Raising Community Investment: Building the Co-operative Before Raising the Money

This case study, published by the Business Council of Co-operatives and Mutuals (BCCM) and written by Antony McMullen, shares lessons from a peer learning session with Taryn Lane of Hepburn Energy, a fully community-owned energy co-operative in Victoria. It explores how co-operatives can raise investment without losing sight of member control and community trust.

Drawing on Hepburn Energy's experience, the case study walks through different investment tools, including member shares, debentures and co-operative capital units, and when each might suit a project. It highlights the importance of co-designing offers with members, building trust before asking people to invest, and proving a project's viability early. It closes with ten practical tips, from starting with community purpose to keeping investment accessible.

It's useful for co-operative and mutual leaders, particularly those planning to raise community investment for local infrastructure or energy projects.