London Energy Efficiency Fund

Meeting: 
MQT on 2015-10-21
Session date: 
October 21, 2015
Reference: 
2015/3393
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

What are the projected returns to the London Energy Efficiency Fund (LEEF) from current investments for 2015, 2016, 2017, 2018, 2019 and 2020?

Answer

Answer for London Energy Efficiency Fund

Answer for London Energy Efficiency Fund

Answered By: 
The Mayor

The projected annual repayments expected from projects that have received funding from LEEF are set out below:

Year

£m

2015

8.8

2016

12.6

2017

6.6

2018

3.3

2019

3.2

2020

4.4

The fund manager will continue to using capital repayments to invest in projects until 2018, and this should lead to an increase in the annual reflows.