Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

Boost to London Green Fund means more money could be available for waste facilities

The London Green Fund, which is used to fund investment in waste facilities, decentralised energy and energy efficiency projects, is to receive a cash injection through the sale of the Gemini Business Park in Beckton, East London.

The proceeds from the London Development Agency (LDA) owned share in the eco-friendly business park will be invested into the London Green Fund to boost more sustainable development across the capital. The park has been sold to Aviva Investors Pensions for £16m

London Green Fund chair Edmund Lazarus said: “This sale will help bring further investment in green infrastructure in London. The London Green Fund is an exciting way to promote sustainable economic growth and help London reach its target of cutting carbon emissions by 60% by 2025.”

The deal covers 132,580 sq ft of space in the Gemini Business Park and was originally developed by the LDA as 27-unit sustainable business park.

The London Green Fund is part of the Joint European Support for Sustainable Investment in City Areas (JESSICA) and is made up of contributions from the London European Regional Development Fund (ERDF), the LDA and the London Waste and Recycling Board (LWaRB).

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.