Published: Tuesday, 4th February 2014
An important milestone was reached for the MLEI project last week.
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.