LEEF is one of two ‘Urban Development Funds’ (UDFs) procured by the European Investment Bank (EIB) on behalf of the London Green Fund; and has over £100m capital available to be fully invested by December 2015.
The Fund invests in energy efficiency retrofit to public / voluntary sector buildings located in London, for example: universities, museums, hospitals, schools, local authorities, social housing in order to make them more energy efficient, sustainable and environmentally friendly.
The fund can lend to public, private sector or joint venture entities, including ESCOs (Energy Service Companies) but the projects must involve eligible works to public sector owned or occupied buildings. Target borrowers include Universities, the Voluntary Sector/ Charities (such as Museums and Galleries), Local Authorities (including Police and Fire), NHS Trusts, Schools and Housing Associations
You can benefit from LEEF if:
- Your works will deliver in the region of 20% energy saving / carbon benefits
- You are undertaking a refurbishment programme / retrofit project in a London-located public / voluntary sector building (such as a university, museum, hospital, school, local authority, social housing provider, etc)
- Your funding requirement is at least £1m; ideally between £3m and £20m.
UPDATE 15 04 2013: This link has been modified and transferred to a new BUILD UP link.
You can see this relevant updated BUILD UP item here.