Update on London Green Fund

15 February 2011: The latest (February) ERDF newsletter by the LDA provides an update on the London Green Fund stating that: “The procurement process to select an organisation to set up and manage the Energy Efficiency Urban Development Fund (UDF) was launched in September 2010. Three bids were received by the EIB by the deadline in December. The bids are now being assessed by the European Investment Bank (EIB) and it is anticipated that a preferred bidder will be selected in February. The timescale for concluding negotiations, once a preferred bidder is selected, is the end of June 2011.” The newsletter also sets out that with the government abolition of RDA’s, EU funding will now be handled by government departments, however, in London, it has confirmed that responsibility for management of European programmes will be transferred to the GLA in the summer of 2011. The February newsletter can be downloaded here.
Further information on the UDF fund manager is available on the LDA’s website here and in the European Investment Bank expression of interest documentation here.
A presentation made by the LDA in September 2010 on the London Green Fund is available here.

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