The Mayor of the Covenant city of London launched this week a £500 million Energy Efficiency Fund. The Mayor Energy Efficiency Fund (MEEF) will support small businesses' and public sector organisations' investment in reducing their bills and cut carbon emissions.
The fund builds on the success of the London Energy Effficiency Fund (LEEF). The Mayor of London Sadiq Khan, through the European Regional Development Fund (ERDF) and Amber Infrastructure Group, has worked with commercial lenders to deliver the MEEF, UK’s largest ever dedicated investment fund for urban energy efficiency measures. Amber Infrastructure Group will manage it and applications for funding are already open.The MEEF will help London to advance toward its goal of becoming a zero-carbon city by 2050. It will provide flexible and competitive finance through a wide range of funding options to deliver new low carbon technology or upgrade existing low carbon infrastructure, with an investment period of up to 20 years. The main areas of focus should include battery storage, electric vehicle charging infrastructure, decentralised energy, small-scale renewables, energy efficiency measures and low carbon data centres.