Licence Lite (2)

Meeting: 
MQT on 2015-11-18
Session date: 
November 18, 2015
Reference: 
2015/3892
Question By: 
Murad Qureshi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

The GLA website includes the following - "Licence Lite could help bring in more than £300 million of investment for 22 new heat and power projects in London" - what is the evidential basis for this estimate? 

Answer

Answer for Licence Lite (2)

Answer for Licence Lite (2)

Answered By: 
The Mayor

The potential of bringing in more than £300 million of investment for 22 new heat and power projects arises from the GLA's Decentralised Energy Project Delivery Unit programme. Licence Lite should enable more heat and power projects to become financially optimal and therefore will help to bring in that level of investment.