GNDF can provide loans, grant and equity. A project can apply for more than one type of funding. GNDF cannot invest in completed projects.
ELIGIBLE BORROWERS AND PROJECTS
GNDF can lend to public and private sector entities, including ESCOs, local authorities, SMEs, education (higher & further), health, SPV, not for profit and community schemes.
GNDF will finance a broad range of energy conservation measures (ECMs) to provide energy or carbon saving benefits. This includes, for example, boiler replacements, electric vehicle charging and heat pumps.
The below is a list of ECMs but please contact the team if your ECM saves energy but is not listed.
GNDF targets investments of between £0.2m to £2m but can consider larger or smaller investments. Smaller projects will be considered on a case-by-case basis, but it may be appropriate to group buildings or part of a project together to achieve scale. Drawdown of funds can be upfront or on a phased basis during construction.
GNDF is a sustainable investor, targeting socio-economic and financial returns on investment. Projects supported by GNDF should aim to deliver energy cost savings from the ECMs of at least 10% and/or a CO2 reduction equivalent to 1 tonne of CO2/£4,525 invested, and achieve at least 10% reduction in energy costs.