The new Local Low Carbon Accelerator (LLCA) partnership will target energy efficiency improvements for homes in Leeds as one of its first projects, through efforts such as improving insulation in the housing stock.
The LLCA, formed by Lloyds Banking Group, Octopus Energy, Shell and National Grid is part of the Prime Minister’s Business Council and aims to bring the private and the public sector together to help speed-up the delivery of schemes to reduce carbon emissions and improve energy independence.
Through the LLCA, the UKIB will provide expert advice and support to the council to help it find the most effective way to finance and structure the major retrofitting scheme.
“Retrofitting will play a crucial role in improving energy efficiency and achieving Net Zero,” said UKIB chief executive, John Flint.