While we continue to wait on Verra for approval of the CMN, it’s time for an update on CRI Finances, brought to you by our CEO: Our funds are currently £12,380 in cash, approx. $5k in BTC and $30k prepaid to the carbon credit consultants (net of their expected charges). Costs incurred so far are…
We are still eagerly awaiting news on the Carbon Methodology Note, it is currently with the Verra Executive committee. In the meantime, the CRI Team is working on the following: Round 2 Investment Phase Preparation CRI intro video Graphics to visualize data from financial projections, CRI income model Engaging services of a law firm to…
Special early-stage investment tax breaks We have been in the process of clearing CRI with tax authorities in the UK for special early-stage investment tax breaks (SEIS & EIS) over the past 3 months. Last week we finally received confirmation that CRI is cleared to approach UK investors and offer shares under these schemes, which…
The Carbon Methodology Concept Note has been completed and submitted to Verra! This is a very significant milestone! The Program Manager at Verra who Sue is working with to review the Concept Note is one of the most experienced people there, so we are excited to watch the progress over the coming weeks. In the…
Just to keep you updated on other things we are doing in the background, this week we submitted an application for UK Grant Funding. While there is no certainty of receiving this (and we won’t know the outcome for a couple of months), it is one of a number of different approaches we will be…
