A new funding scheme will provide capital investment for non-domestic retrofit and energy infrastructure projects that deliver reduction in energy demand, cost and greenhouse gas emissions.
The Green Retrofit Investment programme, run by BRE (Building Research Establishment) and its partner Sustainable Development Capital, will support projects in four areas: building retrofits, renewable heat, combined heat and power (CHP) and urban infrastructure. It is open to projects of £2m and over and will provide up to 100% of project costs.
The return-on-investment will come from a proportion of the savings in energy bills. BG Energy Solutions, a remote energy management firm that specialises in voltage optimisation, is pleased to see increased opportunities for organisations that want to save money and cut carbon emissions.
Duncan Biggins, Managing Director of BG Energy Solutions, says: “As an energy management solutions expert, we understand the importance of offering funding options that allow organisations to make energy-efficient improvements.”
He adds: “It is very encouraging to see that the Government’s Green Investment Bank has contributed £50m towards the fund, since retrofit technologies are an important – and cost-effective – part of our low-carbon future.”