UPDATED FRIDAY 10:43*
ECOISLAND is under investigation after it was revealed £115,000 of public cash was unaccounted for.
Ecoisland Partnership Community Interest Company, launched in 2011 with the ambition of making the Isle of Wight energy self-sufficient by 2020, went into voluntary liquidation this week, blaming the economic climate and a lack of funding.
In January, Ecoisland — founded and run by director David Green — was awarded £240,000 following a successful bid by the Isle of Wight Council for Department of Energy and Climate Change funding to help households reduce their energy bills and promote the Green Deal — a scheme designed to help people make their homes and businesses more environmentally friendly and reduce their bills.
The Isle of Wight Council has now said a large part of the Green Deal cash paid to Ecoisland was unaccounted for.
"Having reviewed delivery of this project it would appear that approximately £115,000 of the £240,000 is unaccounted for and we have therefore referred this matter to the police," said Stuart Love, strategic director for economy and the environment.
A spokeswoman for Isle of Wight police confirmed on Thursday that officers had arrested a 52-year-old man — understood to be David Green — on suspicion of fraud and he was helping police with their enquiries.
*The man has been released on police bail until a date in December, according to a police spokeswoman today (Friday).
Anyone with further information can contact police by phoning 101. Mini-com users can phone 01962 875000. Alternatively, call the independent Crimestoppers charity on 0800 555 111 if you wish to remain anonymous.
For more on this story, see the Isle of Wight County Press tomorrow, Friday, October 4.
EDITOR'S FOOTNOTE: Due to the police investigation into this matter, we have disabled the comments facility on this story.
It was initially reported that the arrested man was aged 54, due to information supplied by the police.