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Sun June 20 2021

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£100m funding available for green retrofit work

9 Jul 13 The Building Research Establishment (BRE) and Sustainable Development Capital have together launched a scheme to provide capital investment for non-domestic energy efficiency retrofit projects.

The new Green Retrofit Investment Programme has up to £100m available for investment in UK building retrofit projects and energy infrastructure projects where clear energy and carbon emissions savings will result.

Half of the fund has come from the government’s Green Investment Bank.

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)
  • urban infrastructure.

BRE Scotland director 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,” he said.

Sustainable Development Capital chief executive Jonathan Maxwell added: “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 £2m-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. To apply for funding, contact Rufus Logan: loganr@bre.co.uk.

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