The Green New Deal Fund (GNDF) is a new low carbon investment fund established by the North Tyne Combined Authority (NTCA) and managed by Amber Infrastructure Group.
The GNDF opened in November 2021 aiming to invest £18 million in low carbon infrastructure in the North of Tyne until 2025. The GNDF comprises a £9 million investment from the NTCA, with Amber – in its role as fund manager – tasked with sourcing an additional £9 million investment, bringing the total investment by the Fund to £18 million.
Loans, equity and grants are available to fund small and medium sized innovative projects that deliver significant carbon savings and help create new jobs, and develop skills in the region’s green and low carbon industries. The GNDF aims to support a wide range of low carbon projects across the region, including community energy schemes, electric vehicle charging solutions, building retrofits, small scale renewables, natural capital, and low carbon heating systems.
Business interested in applying to the Green New Deal Fund should visit www.greennewdealfund.co.uk.