UK seeks green infra fund manager

The UK government has launched a request for proposals (RFP) for a fund manager to administer its new Clean Growth Fund.

Working along a model similar to the Digital Infrastructure Investment Fund and the Charging Infrastructure Investment Fund, the Clean Growth Fund will see the government invest £20m alongside at least another £20m from the private sector.

This fund will then be used to support the development of clean technologies, which the government hopes will in turn see the cost of establishing and installing green infrastructure reduced.

The Department for Business, Energy and Industrial Strategy (BEIS), which launched the RFP, is also working alongside the Infrastructure & Projects Authority (IPA) to explore “how best government could produce meaningful data setting out which infrastructure projects can be considered ‘green’”.

A series of workshops and events are planned by the government to help “connect investors and the wider finance sector to local projects, and increase the role that regions and local players can have to boost the development of green infrastructure”, BEIS said.

The IPA and BEIS will jointly manage the delivery of the Clean Growth Fund, with responses to the RFP due by midday on 14 December. Clarification questions are due by 16 November. A shortlist of up to three managers will be drawn up in January 2019, with a preferred bidder to be announced in early March.