Retrofit funding

Meeting: 
MQT on 2014-09-17
Session date: 
September 17, 2014
Reference: 
2014/3519
Question By: 
James Cleverly
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

What impact will your additional £12 million funding for retrofit schemes have on energy efficiency and fuel bills in buildings across London? What specific schemes will benefit from this new funding?

Answer

Answer for Retrofit funding

Answer for Retrofit funding

Answered By: 
The Mayor

The additional £11.5m will be allocated to the London Energy Efficiency Fund (LEEF). LEEF has thusfar invested in projects to create over 900 jobs, leverage £250m of finance, and provide annual reductions of 16,000 tonnes of carbon  dioxide and £3.8m in energy costs. This new funding will enable further investments in energy efficiency and decentralised energy projects to achieve similar impacts.

The fund manager will decide specific schemes in line with LEEF's investment policy.