London ‘Energy Efficiency Urban Development Fund’ to be set up

18 May 2011: A paper on the London Green Fund (Public Item 2.5) presented at the LDA’s latest Board Meeting states that Amber Infrastructure Ltd has been selected by European Investment Bank (EIB) for managing the London’s ‘Energy Efficiency Urban Development Fund’, following approval from the London Green Fund Investment Board. The EIB will now seek to finalise the negotiation of a contract ahead of 22 June 2011, when the fund is expected to be launched. Initially, £50m will be committed to this UDF.

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