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London aiming to leave no footprint

London Remade has launched its solution to the capitals waste and recycling infrastructure problem.

Called Leave no footprint, it sets out to transform the way London deals with its waste. The capital produces 18 million tonnes of waste a year, expected to increase to 24 million tonnes by 2020.

It wants to achieve the diversion of 2.5 million tonnes of waste from landfill and create 1,000 new jobs and £200 million of investment in waste infrastructure over the next five years.

Launching the plan, London Remade chief executive Daniel Silverstone explained it had been the product of 18 months of intensive development.

We are confident that it is a bankable, deliverable and flexible proposal, he said.

Having worked with the major financial institutions, London Remade said there were now a variety of different financial packages to suit individual projects and wants to hear from potential partners and investors.

The key message is opportunity, said London Remade director of resource management and reprocessing Jamie Blake.

The organisation estimates that London needs a £4 billion investment programme in waste management infrastructure alone over the next 10 years.

We believe there is now an appetite for investment in environmental infrastructure it is the new black, Blake added.

The banking industry has been supportive of the move. Waste and recycling infrastructure is an increasingly attractive investment proposition, underpinned by potentially strong cash flows from local authorities and many blue chip companies. Im delighted London Remade is promoting these investment opportunities, said Allied Irish Bank corporate banking manager Martin Brown.





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