Matthew Ord, Insider
Summary
A £15m fund designed to promote the production and distribution of energy derived from renewable resources in Greater Manchester has launched.
The Greater Manchester Low Carbon Fund Managed will be managed by GVA and aimed at property developers and infrastructure providers to encourage the use of renewable energy in development schemes.
It will be used to fund projects that would not attract traditionally commercial finance due to the relatively new technology involved, or projects that would be improved through the Low Carbon Fund's expertise.
Investment that is then repaid by projects will be recycled into further developments across the Greater Manchester region over the 15-year lifespan of the initiative.
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