Further Funding for London Sustainable Industries Park

July 2013: The Mayor has approved further funding for the development of the London Sustainable Industries Park (LSIP) with the provision of £2.989m to go towards investment in “essential infrastructure”. The new approval form sets out that this spend will include £1 million to bring a gas connection to the London Sustainable Industries Park . The Mayor had previously announced £30m going to LSIP in September 2012, which is based in Dagenham and which will include a new anaerobic digestion plant along with a planned decentralised heat network.

The approval form also provides some background to the development:  “LSIP will create a landmark cleantech business park, concentrating leading environmental industries and technologies. By co-locating businesses that share resources and exchange by-products, the LSIP encourages synergies that can deliver cost savings and competitive advantages through industrial symbiosis. The UK cleantech sector has continued to grow throughout the recent economic downturn and investment in the new infrastructure at the LSIP represents an opportunity to access a market estimated to be worth over £23 billion in London alone and to support up to 750 jobs in clean tech/energy businesses and up to 500 construction jobs.

More on LSIP on their website www.londonsip.com. Further information on the project can be viewed on an earlier post here.

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