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Cambridgeshire politicians approve Investment Fund

February 4, 2014

An important milestone was reached for the MLEI project last week, following Cambridgeshire County Council Cabinet’s decision to proceed with a phased approach to developing a Low Carbon Investment Fund, and offering loan finance to schools through Energy Performance Contracting.

Cabinet agreed to:
• Set up a Fund using public borrowing
• Develop and evolve the fund during the next 6-9 months to attract further public and private sector monies
• Procure a supplier for energy performance contracting for schools and public buildings
• To offer schools access to loans on a first come first served basis

The project team are proceeding with procurement of a supplier for energy performance contracting, using an existing framework contract. We have also commenced our schools engagement programme with a view to getting the first funding packages for investment developed later this year.

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