GR Direct - Sony - Save up to £300 on selected Bravia OLED & LED TVs
Thursday 30 May 2024
 11.4°C   NW Moderate Breeze
Ocean Kinetics - The Engineering Experts

Energy / District heating scheme generates income for charitable trust

The waste to energy plant produces the hot water for the Lerwick district heating scheme. Photo Shetland News

SHETLAND Charitable Trust has benefitted from a £190,000 surplus generated by the Lerwick district heating scheme.

Shetland Heat Energy & Power Ltd, better known as SHEAP, is a limited company wholly owned by the charity that looks after Shetland’s oil funds.

The arrangement means SHEAP is not required to pay corporation tax on the surplus while Shetland Charitable Trust receives the funds tax free.

The six-figure profit was earned from supplying district heating to properties in Lerwick during 2019/20.

Established in 1998, SHEAP is one of the largest and longest-running heat networks in Scotland.

It buys hot water produced by Shetland Islands Council’s energy recovery plant and circulates it to heat more than 1,200 homes and larger buildings, including schools, the hospital, care homes and the Clickimin Leisure Centre.

The heat comes from incinerating unrecyclable waste that would otherwise have been landfilled at higher cost and with higher emissions of methane and other gases which contribute to climate change.

SHEAP director Derek Leask said the company was expanding and developing its business and was looking forward to contributing more towards the Scottish Government’s targets for reducing carbon emissions.

“We’re very pleased to be able to pass on a significant sum of gift aid and it’s great that money generated from district heating goes back in to benefit the community, especially in these difficult times,” Leask said.

“We hope we’re meeting our aspiration to serve the community well through generating gift aid while keeping prices affordable and contributing strongly to reducing Shetland’s carbon footprint.”

Shetland Charitable Trust provides grant funding of around £8.4 million to local charities including to local amenity, arts and recreational trusts as well as towards the rural care model.

Become a supporter of Shetland News

Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.

Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.

Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has  over 600 supporters  who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.

Your contribution will ensure Shetland News can: -

  • Bring you the headlines as they happen;
  • Stay editorially independent;
  • Give a voice to the community;
  • Grow site traffic further;
  • Research and publish more in-depth news, including more Shetland Lives features.

If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.

Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.

 

Newsletters

Subscribe to a selection of different newsletters from Shetland News, varying from breaking news delivered on the minute, to a weekly round-up of the opinion posts. All delivered straight to your inbox.

Daily Briefing Newsletter Weekly Highlights Newsletter Opinion Newsletter Life in Shetland Newsletter

JavaScript Required

We're sorry, but Shetland News isn't fully functional without JavaScript enabled.
Head over to the help page for instructions on how to enable JavaScript on your browser.

Your Privacy

We use cookies on our site to improve your experience.
By using our service, you agree to our Privacy Policy and Cookie Policy.

Browser is out-of-date

Shetland News isn't fully functional with this version of .
Head over to the help page for instructions on updating your browser for more security, improved speed and the best overall experience on this site.

Interested in Notifications?

Get notifications from Shetland News for important and breaking news.
You can unsubscribe at any time.

Become a supporter of Shetland News

We're committed to ensuring everyone has equitable access to impartial, open and quality local journalism that benefits all residents.

By supporting Shetland News, you play a vital role in ensuring we remain a pivotal resource in supporting the community.

Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.