Every area of the UK has the potential to develop clean, local energy projects that deliver better homes, improved transport, high quality jobs, carbon reductions and long-term financial returns. Local authorities are key to making this happen. They have a long-term interest in the success of their communities, but many face challenges in identifying projects, developing the business case for investment and securing relevant sources of finance.
This programme – supported by BEIS, and run by UK100 and the Leeds Climate Commission – seeks to address those challenges by bringing local authorities, developers and investors together. The aim is to accelerate the development of a pipeline of investor-ready clean energy projects.
We kicked off with the the first-ever national conference on financing the transition at as local level, aiming to unlock £2bn+ of clean, local energy projects in the UK. The conference connected local authorities with those ready to invest hundreds of millions of pounds in private finance. We heard from Claire Perry MP, minister for energy, and speakers including Barclays, Green Banking Council and Siemens, as well as local authority frontrunners who are developing innovating business models that are already transforming communities around the UK.
UK100 surveyed the attendees of the conference. The results point to the infrastructure and policy changes we need to speed up the transition to a low-carbon future.
How can local authorities engage work with partners to develop a pipeline of investable projects in their area? How can investors make best use of the enormous opportunities that exist? Where and how will local authorities access the advice and support they need?
Throughout 2019, we will be holding workshops across the country to bring together local councils, developers and investors, energy generators, regulators and operators to answer these questions, understand local practice, the barriers to investment and how they can be overcome. We will be announcing locations and dates soon. If you’re interested to take part please email firstname.lastname@example.org
This programme – supported by BEIS, and run by UK100 and the Leeds Climate Commission – aims to accelerate the development of a pipeline of investor-ready clean energy projects. Local authority frontrunners have generated ideas, developed business models and secured finance for innovative low-carbon projects around the UK. They show that it can be done, and there’s much to learn from them. We have gathered their experiences here.
The ambition of local leaders to facilitate the transition to clean energy is high. But that ambition is stymied by a lack of capacity and capability when it comes to turning that ambition into reality. UK100 teamed up with policy experts, local leaders, developers and financiers to explore ways to solve this problem. Our answer – develop Clean Energy Action Partnerships, so that national government can build an industrial strategy with local leaders, focussed on place.
You can read the full report here: