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.