The preliminary focus is on retrofitting, making buildings more energy efficient. Initially, the program will include a range of projects aligning nearly GBP90m funding already committed by the RDAs involved.
The London Development Agency (LDA) will lead the LCEA program, working in collaboration with the South East of England Development Agency (SEEDA) and the East of England Development Agency (EEDA).
These include a range of retrofitting programs for buildings to make them more energy efficient and focuses on energy supply, financing mechanisms, employment and skills, and low carbon business growth with a retrofit focus.
Mr Lucas said, ”The variety of buildings across London means that there will be a wide range of highly exportable skills. This position of global leadership will help create wealth for London and the UK economy by providing market opportunities for businesses and inward investors, and jobs for Londoners.
”The opportunity to develop and demonstrate solutions for the refurbishment of homes and commercial buildings will help the construction sector to innovate in order to retain, as well as expand, its current market position.”
Peter Rogers, CEO of London Development Agency, said: “The Mayor, Boris Johnson and London Development Agency is investing GBP23m a year to deliver innovative, practical ways to drastically improve energy efficiency in line with our ambitious carbon cutting targets.
”In the future, London’s financial muscle will provide the investments that turn these schemes into long-term commercial enterprises, with new businesses, new jobs and new skills.”
