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How will the £100m London Green fund benefit the capital?

9 January 2013

The London Assembly will tomorrow question representatives of the Greater London Authority, Green Fund Investment Board and fund managers about the £100m[1] London Green Fund (LGF), which was set up to invest in waste and energy efficiency programmes.[2]  

The Assembly’s Health and Environment Committee will ask about the sources and distribution of funding, projects being supported and the environmental objectives they will deliver, and plans for investment in the future.

The following guests will attend:

  • Alex Conway, European Programmes Director, GLA
  • Kenroy Quellenec-Reid, Senior Article 13 and Financial Engineering Manager, GLA
  • Wayne Hubbard, Chief Operating Officer, London Waste and Recycling Board, and vice-chair of the Green Fund Investment Board. 
  • Andrew Page, Partner, Foresight Group LLP
  • Jenny Curtis, Director for London Energy Efficiency Fund, Amber Infrastructure Limited
  • Tim Pryce, Head of Carbon Management, the Carbon Trust

 

Tomorrow’s meeting will take place on Thursday, 10 January 2013 from 10am in the Chamber at City Hall (The Queen’s Walk, London SE1).   Media and members of the public are invited to attend.   The meeting can also be viewed via webcast.

Notes to editors:

  1. The £100 million fund is made up of £50 million from the European Regional Development Fund (ERDF), £32 million from the London Development Agency (LDA), and £18 million from the London Waste and Recycling Board (LWARB). The European Investment Bank manages the London Green Fund on behalf of the GLA and LWARB.
  2. Of the £100 million, £50 million has been allocated to an Energy Efficiency Urban Development Fund (UDF), to invest in projects in the areas of energy efficiency retrofit in public and voluntary sector buildings (with a potential extension of the remit to decentralised energy). £35 million has been allocated to a Waste UDF, to invest in facilities for waste to energy, waste to fuel, or value-added waste reuse, recycling or reprocessing. Most of the remaining money is earmarked for a Housing UDF, currently being established, to invest in energy-efficiency measures for existing social housing. The UDFs are also to secure at least as much in private investment and most of this target has been achieved.
  3. Read the full agenda papers for the meeting.
  4. Murad Qureshi AM, Chair of the Health and Environment Committee, is available for interview.  See contact details below.
  5. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

For more details, please contact Alastair Cowan in the Assembly Media Office on 020 7983 4504/4283.  For out of hours media enquiries please call 020 7983 4000 and ask for the Assembly duty press officer.  Non-media enquiries should be directed to the Public Liaison Unit, Greater London Authority, on 020 7983 4100.