A new scheme to provide capital investment for non-domestic energy efficiency retrofit projects in the UK has been unveiled by BRE and its partner Sustainable Development Capital.
Up to £100m is available through the new Green Retrofit Investment Programme for investment in building retrofit projects and energy infrastructure projects, where clear energy and carbon emissions savings will result. The Government's Green Investment Bank has contributed £50m towards the fund.
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) and urban infrastructure.
Director of BRE Scotland, Rufus Logan, 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. For more information email Rufus Logan:
loganr@bre.co.uk
