On Monday 13 December TREL was delighted to make its first transfer of money generated by Tilley to the Trust. A cheque for £10,000 has been formally handed to the Trust. Further transfers will be made in 2011.
Over the life of the turbine, TREL will transfer all its available net income to the Trust after meeting its operating costs, including Bank repayments and other reserves. The money is held by the Trust in a ring-fenced bank account at RBS and can only be used for the Windfall Fund and is not used for staff or office costs.
There will be an open day on Saturday January 29 at An Talla to launch the Windfall Fund. The day will probably start at 1pm and finish about 4.30pm and refreshments will be served all afternoon. The application process, eligibility, how applications will be scrutinised and the selection criteria will be explained. Application forms and guidance notes will be available on the day and afterwards from the Trust office and online at the Trust’s website. The deadline for applications for the first round of awards is 31 March 2011. There will be further application rounds later in the year. For 2011, the amount of each grant awarded will be limited to a maximum of £1,000.
Once again TREL and the Trust would like to thank the Co-operative Bank and the BIG Lottery Fund for their support. Lynne, Tiree’s Local Development Officer, will also be explaining at the Open Day the work she is doing on updating the Community Development Plan and will be asking what projects you would like to see developed and how.
Ian Tainsh has stepped down from the Board of TREL after nearly 5 years of unstinting unpaid voluntary work. TREL, the Trust and the Tiree Community owe Ian a huge debt of gratitude for the determination and incredible amount of work he has put into making TREL a success and ensuring Tilley is here on the Island and generating money for all of us. We will miss not only his technical accounting and governance help but also his deadpan comments and turn of phrase. We wish Ian well and a well-deserved rest.