EfW DEVELOPMENT GUIDANCE - Wrap

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WRAP – EfW DEVELOPMENT GUIDANCE – September 2012 Potential sources of funding Guidance on funding options for energy from waste development. 1.0 London Green Fund (LGF) 2.0 The Carbon Trust 3.0 EDF Energy Green Fund 4.0 Green Investment Bank (GIB) 5.0 WRAP eQuip Scheme 6.0 Additional sources of information Funding Home Funding Feasibility and Good Practice Planning Environmental permitting regulations Feedstock Outputs Financial Incentives Waste Incineration Directive Glossary Guide page 2
WRAP – EfW DEVELOPMENT GUIDANCE – September 2012 Potential sources of funding There are a number of funding options available to assist companies in the development of sustainable energy facilities, including energy from waste (EfW). The types of funding available are usually project specific and can differ depending on your location. A selection of the funding options currently available is outlined below. These funds do not have an advertised end date. However, as sources of funding are constantly changing to meet market demands, it is worth checking national and local government websites for updates. Figure 1: Available funding sources (as August 2012) Funding London Green Fund (LGF) The Carbon Trust EDF Energy Green Fund Green Investment Bank (GIB) WRAP – eQuip 1.0 London Green Fund (LGF) The London Green Fund (LGF) was launched in 2009. This £100 million fund is available for investment in schemes that will cut London’s carbon emissions. The fund consists of £50 million from the European Regional Development Fund Programme (ERDF), £32 million from the London Development Agency (LDA), and £18 million from the London Waste and Recycling Board (LWARB). The fund is part of the Joint European Support for Sustainable Investment in City Areas initiative (JESSICA) that was developed by the European Commission and the European Investment Bank. The LGF is managed by the European Investment Bank. The LGF is divided between two smaller urban development funds, which are managed independently and invest directly in waste and energy efficiency projects. The UDFs are the Waste Urban Development Fund (WUDF) with funds of £35 million and the Energy Efficiency Urban Development Fund, (EEUDF) with funds of £50 million. The fund managers decide the amount to invest in selected projects, based on an investment policy agreed by the London Green Fund Investment Board. The fund managers also expect to attract further investment into their UDFs from other investors. The Waste UDF is managed by Foresight Group LLP and is known as the ‘Foresight Environmental Fund’. It is commercial funding. The WUDF finances the construction or expansion of waste to energy facilities, value added re-use, recycling or re-processing facilities and facilities which displace the use of fossil fuels. To apply for the funding and further details contact the UDF managers who are responsible for assessing project proposals. Contact details can be found at: http://www.lwarb.gov.uk Funding Home Funding Feasibility and Good Practice Planning Environmental permitting regulations Feedstock Outputs Financial Incentives Waste Incineration Directive Glossary Guide page 3
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EfW DEVELOPMENT GUIDANCE - Wrap

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