Waste infrastructure projects have a new investment opportunity as the London Waste and Recycling Board (LWaRB) opens its second Waste Infrastructure Fund for £16m today (8 July).
Following last month’s approval of LWaRB’s four-year business plan, it is now calling on projects that meet criteria to complete an Expression of Interest (EOI) form and be in for a chance of winning support.
The fund is split into two, with £11m on offer for waste infrastructure projects and £5m for projects that display innovation and showcase technologies, such as hydrogen fuel cells, gas to grid and waste-derived transport fuels.
Mayor of London Boris Johnson said: “I want London to find innovative ways to manage our rubbish in the cleanest, greenest ways possible. This is a challenge for all major cities, and this funding pot helps London to lead the way in finding smart solutions to the problem of rubbish, while also creating jobs and attracting investment.”
Once an EOI is submitted, LWaRB will pick out the projects that meet the selection criteria. More information will then be required from the proposed projects before a ‘project health check’ is carried out, reviewing site location, financing and technology. If a project successfully makes it through this assessment round it is place in an ‘infrastructure pool’.
Many projects located in east London have previously received funding from LWaRB. The board is looking to achieve a wider geographical spread of waste facilities across the capital this time, so projects located outside east London are preferable.
Interested parties have until 30 September to submit an EOI. Go to www.lwarb.gov.uk for more details.