The London Energy Efficiency Fund (LEEF) invests in energy efficiency retrofit to public, private and voluntary sector buildings and infrastructure in order to make it more energy efficient and environmentally friendly.
LEEF is one of three ‘Urban Development Funds’ (UDFs) procured by the European Investment Bank (EIB) on behalf of the London Green Fund.
The London Green Fund was established by the London Development Agency (LDA) (now the GLA) with the assistance of the EIB and the London Waste and Recycling Board (LWARB) under the European Commission’s JESSICA initiative (Joint European Support for Sustainable Investment in City Areas).
The Amber Green Consortium, led by Amber Infrastructure, with funding from RBS and Arup as technical advisors, is responsible for operating LEEF. The fund is now live and able to make investments.
LEEF has over £100m capital to be fully invested by December 2015.
The GLA RE:FIT programme provides an OJEU procured framework of ESCOs who will provide Energy Savings Performance Guarantees. Projects using the RE:FIT programme are one potential source of investments for the fund, but use of REFIT is not mandatory for LEEF. Click here for information.