RE:NEW (1)

MQT on 2014-07-23
Session date: 
July 23, 2014
Question By: 
Murad Qureshi
Labour Group
Asked Of: 
The Mayor


Can the Mayor confirm whether further funding has been secured for his RE:NEW home energy efficiency programme? If so, how much, for what period of time, and what targets has he set in relation to this next phase of RE:NEW?


Answer for RE:NEW (1)

Answer for RE:NEW (1)

Answered By: 
The Mayor

RE:NEW has been awarded funding of €3,016,440 (£2,513,700), subject to contract, from the European Investment Bank European Local Energy Assistance facility under the CIP-Intelligent Energy Europe Programme.  A 10% match has been provided by the GLA, taking total funding for the three year RE:NEW Support Team to €3,351,600 (£2,793,000). 


The RE:NEW targets set in relation to phase III, to be delivered through the RE:NEW Support Team, are to support the procurement of £352 million capital expenditure that retrofits 175,000 homes and saves 93,000 annual tonnes of carbon.