London’s £500m Energy Efficiency Fund For Businesses

 

With support from several major banks and funding across the EU, the Mayor's Energy Efficiency Fund (MEEF) is aimed at public sector organisations and small businesses.

The Mayor of London, Sadiq Khan, has recently announced a new £500m energy efficiency fund which is aimed at assisting small businesses and public sector organisations when invest in low carbon solutions such as battery storage, electric vehicle charging infrastructure, and small-scale renewable energy generation.

This initiative was described as the “UK's largest ever dedicated investment fund for urban energy efficiency measures”. Sadiq Khan continued “the project will help deliver the low-carbon, sustainable projects and infrastructure London needs to cut energy costs and reduce carbon emissions across our universities, hospitals, museums and small businesses. It is a great example of how the public and private sectors can come together to create millions of pounds of investment for low-carbon projects and help fast track London towards our goal of becoming a zero-carbon city by 2050.”

Amber Infrastructure Group (Amber), which is a leading infrastructure specialist, and an established partner to organisations in the public sector, will manage the MEEF on behalf of the Mayor’s Office. The fund can be used for a wide range of measures - including small-scale renewables, battery storage, and stronger insulation. The investment will be provided for up to 20 years.

The MEEF builds on from an earlier scheme which helped mobilise £350 million in green financing across 76 buildings. This included the installation of a new heating system at St. George’s hospital, as well as supporting the low-carbon measures at Tate Modern’s new museum extension.

Kevin Howell, who is the Director of Estates and Facilities at St. George’s stated: “The NHS is focused on social, financial and environmental sustainability, and this project places St George’s at the forefront of these efforts. Ultimately, our aim is to create the best possible environment for our patients, and this new facility will allow us to do that while also maximising cost and energy efficiency.”

The MEEF represents It’s a key part of London’s strategy to develop the existing building stock and improve the energy performance of new buildings and facilities.

At Green Recruitment, we work with a variety of clients who partake in investment across the wide array of green sectors. We pride ourselves in providing an unrivalled commitment to quality and are driven by our passion for the global green agenda.  Quality is in everything we do. From the service we deliver and clients we work with, to the opportunities we take to market and the candidates we represent.

If you are a company seeking to recruit, or a candidate in search of a new role; please contact Irfan Lohiya on:

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