- London Energy Efficiency Fund Now Available to Private Sector -
The Amber Green Consortium, led by Amber Infrastructure Limited (Amber), the leading sponsor and manager of social and economic infrastructure projects, has 0announced that the London Energy Efficiency Fund (LEEF), is now open to the private sector, in addition to public, voluntary and third sector bodies.
LEEF, which has already invested £20m since its creation in September 2011, is the Mayor of London’s Investment Fund that supports the implementation of energy efficiency initiatives across the capital. It is the second Urban Development Fund established by the London Green Fund (LGF) and forms an integral part of the Mayor of London Boris Johnson’s vision to radically reduce the capital’s carbon emissions by 2020.
The £100m fund has £80m remaining to invest in energy efficiency retrofit projects in London by the end of 2015 and the widening of the application scope will allow for an even greater range of buildings and bodies across the UK’s capital to receive the following benefits:
- lower energy bills
- reduced CRC liabilities
- lower operation and maintenance costs
- refurbished and enhanced work environments
- improved Carbon footprints; and
- a contribution to any Corporate Social Responsibility policies
LEEF is able to provide successful applicants with flexible and competitive long-term financing terms, for requirements between £1 - 20 million.
Leo Bedford, Programme Director for Amber, commented; “We are pleased to be increasing the scope of projects available to receive funds from LEEF. We are proud of the work that has already been done to make London a greener and more energy efficient city, and look forward to providing greater access to a source of affordable capital that promotes long-term sustainability goals while realising financial benefits for consumers.”
Leo Bedford will be speaking today on the wider subject of providing funding for London's low-carbon built environment and infrastructure at the base London conference held at the University of East London.
LEEF is funded through £50m of public investment from the European Regional Development Fund, and Greater London Authority and up to £50m from RBS.
The full application process is explained at http://www.leef.co.uk/applications/index.html
For further information:
Amber Infrastructure Limited
Leo Bedford +44 (0)20 7939 0573
Erica Sibree +44 (0)20 7939 0558
Ed Berry +44 (0)20 7269 7297
Harry Stein +44 (0)20 7269 7141
About Amber Infrastructure Group:
Amber Infrastructure Group (Amber) is a leading international infrastructure specialist, providing asset management and investment advisory services in respect of over £4 billion of assets in the UK, Europe, Australia and North America. Amber’s core business focuses on sourcing, developing, advising on, investing in and managing infrastructure assets within the utilities, PPP, transport, renewable energy and regeneration sectors.
Amber provides investment advisory services to International Public Partnerships Limited as well as private investment funds, specialising in urban regeneration and energy efficiency. Amber is headquartered in London with offices in Munich, Sydney, Melbourne and San Francisco and employs approximately 80 people, making it one of the largest international infrastructure specialists.
About the Mayor's London Green Fund:
The London Green Fund is a £100 million fund comprising of £50 million from the London 2007-13 European Regional Development Fund programme, £32 million from the former London Development Agency and £18 million from the London Waste and Recycling Board. It has been designed to promote the development of a thriving low carbon economy in the capital in line with the Mayor of London, Boris Johnson's environmental and economic priorities. Repayments back to the fund will be recycled to support even more projects.
The London 2007-13 European Regional Development Fund programme is one of the funds established by the European Union to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs. For more information visit http://www.london.gov.uk/erdf