London Green Fund Brochure released

6 April 2011: The London Green Fund (LGF) is a £100 million fund set up to invest in schemes that will cut London’s carbon emissions. The fund was launched in October 2009 by the Mayor of London and the European Commissioner for Regional Policy – the first JESSICA Holding fund in the UK. It is made up of £50 million from the London ERDF Programme, £32 million from the LDA, and £18 million from the London Waste and Recycling Board (LWARB). The European Investment Bank manages the London Green Fund on behalf of the LDA and LWARB.The LGF will provide funding for two UDFs that will invest directly in waste and energy efficiency projects. These will be ‘revolving’ investment funds, where monies invested in one project are repaid and then reinvested in other projects. The scope of the LGF may be expanded in future to include support for medium and large scale decentralised energy systems.The manager of the Energy Efficiency UDF is due to be appointed soon and the fund is expected to be up and running by summer 2011. Further information on the London Green Fund here.