BRE along with partners Sustainable Development Capital Ltd have launched a new scheme to provide capital investment for non-domestic energy efficiency retrofit projects in the UK.
The new Green Retrofit Investment Programme has up to £100 million available for investment in building retrofit projects and energy infrastructure projects where clear energy and carbon emissions savings will result.
Half of the fund has come from the Government’s Green Investment Bank. The scheme will support projects that deliver reduction in energy demand, cost and greenhouse gas emissions for four areas:
- Building retrofits
- Renewable heat
- Combined heat and power (CHP)
- Urban infrastructure.
Speaking at the fund launch, Rufus Logan, Director of BRE Scotland said that BRE’s role would be to provide strategic and technical support: “We will provide the hard evidence to help in assessing the risks, delivering performance and ensuring that projects get the recognition they deserve, through standards like BREEAM.”
Jonathan Maxwell, founding partner and chief executive of SDCL said, “As a fund we have significant capital to invest in the UK. If you have a project that is ready, we would be happy to look at how we can help.”
The fund is open to projects of £2 million plus and provides backing for up to 100% of project cost. The return on investment will come from a proportion of the savings in energy bills. The programme is now open for applications.
