A NEW Stroud-based green electricity company is promising to reinvest a share of its profits in renewable energy, biodynamic, organic and sustainable food projects.

Ecodynamic, which was launched by four ethically minded entrepreneurs, including two Stroud residents, at the end of last month, is inviting the public to purchase shares in the company in exchange for 'social, environmental and fair financial returns'.

The company is planning to raise funds through its initial share offering to purchase and run a 55KW wind turbine near Redruth, Cornwall.

Stroud resident Martin Large, one of Ecodynamic's founding directors, said he set-up the company to give people an opportunity to invest in projects they supported rather than the 'global financial casino'.

"Ecodynamic offers the potent combination of both investing savings with interest in a community project, backed by the government's Feed in Tariff, and also reinvesting any surplus income into other community food, energy and land projects," he said.

The venture is described as a "co-operative energy solution that will help build a low carbon, social economy."

Ecodynamic's founding team come from business, co-operative, renewable energy, farming, banking and administration backgrounds.

For more information about the share offer, which closes on Thursday, February 28, go to www.ecodynamic.org.uk