North of Tyne Combined Authority establishes £18 million investment fund
North of Tyne Combined Authority and Amber Infrastructure are launching the North of Tyne Green New Deal Fund (GNDF). The GNDF will invest up to £18 million in both low carbon infrastructure and directly into SME’s to support business growth and innovation. The North of Tyne Combined Authority is establishing this ground-breaking new investment fund to tackle carbon emissions whilst delivering inclusive economic growth.
The fund will catalyse investment in green growth, stimulate innovation and enable sector and supply chain growth in the areas of heat decarbonisation, energy efficiency, small scale renewable energy generation and local energy systems, low carbon transport and natural capital.
The fund will invest in projects sponsored by local and regional SME’s, public sector entities, educational bodies and the NHS and VCSE groups. It can support the following areas of investment and innovation:
- Energy Efficiency
- Decentralised Energy
- Small scale Renewable Generation
- Low Carbon Transport
- Natural Capital
The Fund is actively welcoming financing enquiries from prospective project sponsors by emailing GNDFinfo@amberinfrastructure.com
The launch of the Green New Deal Fund will take place on Tuesday 30th November 2021 at The Catalyst, Newcastle upon Tyne. Registration is at 10am, followed by an overview of the fund and networking opportunity. The event can be attended in person or virtually.