The Mayor of London’s Energy Efficiency Fund (MEEF) is a new £500m investment fund established by the GLA with funding from the European Commission, which will help achieve London’s ambition of being a zero carbon city by 2050.
MEEF seeks to address market failures in London’s low carbon sector by providing flexible and competitive finance to enable, accelerate or enhance viable low carbon projects across London.
MEEF will build on the success of the GLA’s London Green Fund including Amber’s existing fund, the London Energy Efficiency Fund (LEEF). For case studies on LEEF projects please see here.
The scope and scale of MEEF is much greater than those of LEEF from both an investment and low carbon perspective.
After only two years of its five year investment period MEEF has already invested in a number of fantastic low-carbon projects including heat networks and electric vehicle charging.
MEEF can invest in the following sectors and technologies:
MEEF has been used as a case study to demonstrate London delivering on its low-carbon targets. More information can be found in the following articles:
Amber Fund Management Limited is authorised and regulated by the Financial Conduct Authority to act as the Manager of MEEF and to promote the Fund in the United Kingdom.