Subscribe to our Construction Newsfeed
UK Construction Directory
Search our 156,885 companies....

Construction News

16/07/2018

Khan Launches £500m Energy Efficiency Fund

Construction News Image
A new £500 million fund has been launched to help public buildings and small businesses become more energy efficient.

The Mayor's Energy Efficiency Fund (MEEF) is the UK's largest ever dedicated investment fund for urban energy efficiency measures.

The initiative has been created by Mayor for London Sadiq Khan, who through the European Regional Development Fund (ERDF) and Amber Infrastructure Group, has worked with key commercial lenders such as Lloyds Bank, National Westminster Bank, Santander UK, Sumitomo Mitsui Banking Corporation and Triodos Bank to help public-sector organisations and small businesses who want to install energy-efficiency measures, but often can't access the necessary finance.

The MEEF offers a wide range of funding options through its consortium of funders, to deliver new low carbon technology or upgrade existing low carbon infrastructure, with an investment period of up to 20 years. Measures that could be funded include battery storage, electric vehicle rapid charging infrastructure, decentralised energy, small-scale renewables, energy efficiency, and low-carbon data centres for boroughs.
-- Advertisement --
hss



The funding is also open to small businesses and energy service companies operating across London.

The fund builds on the success of the Mayor's previous London Energy Efficiency Fund (LEEF), which helped St. George's University Hospital Foundation Trust in Tooting install a new power and heating system that stores and recycles heat produced from generating electricity.

Mayor Khan said: "This is the largest fund of its kind in the UK that will help deliver the low-carbon, sustainable projects and infrastructure London needs to cut energy costs and reduce carbon emissions across our universities, hospitals, museums and small businesses.

"It is a great example of how the public and private sectors can come together to create millions of pounds of investment for low-carbon projects and help fast track London towards our goal of becoming a zero-carbon city by 2050."

Joanne Patrick, MEEF Director at Amber Infrastructure Group, said: "MEEF seeks to address market failure in London's low-carbon sector by providing flexible and competitive finance to enable, accelerate or enhance viable green infrastructure across London's boroughs.

"It's a key part of the Mayor's strategy to improve the capital's existing building stock and improve the energy performance of new buildings – helping homes, businesses and public buildings to use less energy and save money on energy bills.

"We have a proven track record of helping London get greener, having already mobilised over £350 million in low-carbon projects to reduce CO2 emissions by over 35,000 tonnes – equivalent to taking 32,000 cars off the road."

(LM)

Latest Construction News

14/02/2025
Nottingham City Council has signed a £12.6 million contract with Balfour Beatty to deliver an 85-metre long walking and cycling bridge over the River Trent. The bridge, which will span the river at 20 metres high, is set to become a key infrastructure link, connecting the north side of the river—wh
14/02/2025
GMI Construction Group has officially broken ground on one of the largest regeneration projects in Grimsby's history, the transformation of Freshney Place into a vibrant leisure, retail, and food hub, complemented by a modern market. The redevelopment, backed by both the Government and North East L
14/02/2025
Salford City Council has approved plans for the construction of 25 affordable homes across two locations in the city, aimed at providing much-needed supported accommodation for young people who are homeless or at risk of homelessness. The first development, located on Bridgewater Street in Little H
14/02/2025
Work has officially begun on a new 25-metre swimming pool at Pentwyn Leisure Centre, Cardiff, as part of an exciting upgrade to the facility. The project, being carried out by Cardiff Council’s appointed contractor, is expected to be completed by the end of the year. The new pool will feature a r
14/02/2025
Homebuilder Cala has launched a new business division, Cala Southern, as part of its growth strategy across the South of England. Cala Southern will spearhead the company's westward expansion, enhancing Cala's presence in Dorset, Hampshire and Southern Wiltshire, to meet strong demand for high-qual
14/02/2025
Harrow is set to see the creation of 149 new family homes, including new council properties, following the approval of phase one of the Byron Quarter development. In a partnership between the London Borough of Harrow and Wates Residential, the project will transform underutilised council-owned land
14/02/2025
Barhale and Flannery have partnered with JCB to conduct the first in-field trial of the equipment manufacturer's groundbreaking hydrogen-powered backhoe loader. The trial, which took place at Lower Penn, a Severn Trent Water project on the outskirts of Wolverhampton, saw the innovative 3CX loader p
14/02/2025
McLaren Construction Midlands and North is making impressive progress on a major student accommodation development at 77 Talbot Street, Nottingham, with the £25.8m project set to welcome students by September 2025. The nine-storey building, designed by Leonard Design Architects, is being constructe
14/02/2025
Manchester has been allocated £1.5 million by the Government to support the next phase of regeneration in Collyhurst, located in north Manchester. The funding forms part of the larger Victoria North regeneration programme, a transformative project aimed at revitalising the area. The grant will be
14/02/2025
Construction work has officially commenced on Overstone Park Primary School, a state-of-the-art, non-selective, state-funded educational facility at the Overstone Leys development in north-east Northampton. The milestone was marked by a groundbreaking ceremony which signalled the start of a major p
This web site uses cookies to improve your experience and by viewing our content you accept their use. Click here to remove this notice.
Think Construction Skills Ltd.T & D Glazing And Installation LimitedLakeside HireStuart CanvasAqua Direct LtdBRICOFLOR UKEfco UK LtdForge Lifts LtdLandscaping CambridgeMy Thread Curtains