As fund manager for the London Energy Efficiency Fund (LEEF), Amber has invested over £110m in innovative low carbon projects across London.
The London Energy Efficiency Fund (LEEF) was established by the Mayor of London as the first dedicated Energy Efficiency fund in the UK. Amber was appointed as fund manager by the European Investment Bank on behalf of the Greater London Authority.
LEEF was originally established through the European Commission’s JESSICA initiative (Joint European Support for Sustainable Investment in City Areas), which allows funding from the European Regional Development Fund (ERDF) to be used as investment in revolving financial instruments.
The fund invested all its original capital by the end of 2015, and is now looking for new projects in its recycling period until August 2018.