The Greater Manchester Low Carbon Fund has been launched by the Greater Manchester Combined Authority and is managed by real estate advisory service Avison Young.
£15m has been allocated to the 15-year fund, to promote the production and distribution of energy derived from renewable resources. The fund will be allocated to projects that would not attract traditionally commercial finance due to the new technology involved, or projects that would be improved through the Low Carbon Fund’s expertise. It can invest up to 50% of eligible costs and investment repaid by projects will be recycled into further projects across the Greater Manchester region.
