This February 2014 market report by the UK Green Investment Bank was prepared to:
- Set out the opportunity available to UK Local Authorities through the conversion of their existing streetlights to new low energy technology.
The report will set out the cost savings and environmental benefits created by making the transition. Details of some early movers are also provided.
- Introduce a new financing package from the UK Government-backed Green Investment Bank (GIB). GIB has created a bespoke finance package to support Local Authorities who wish to make the switch. This supported product is now being deployed into Local Authority projects fitting flexibly into the energy cost savings envelope, and on terms broadly comparable with Public Works Loan Board (PWLB) finance.