Repayable financing options for London boroughs

London boroughs have ambitious Net Zero and climate adaptation targets and the need for clarity around financing options in delivering on those targets is growing.

Financing for green initiatives can come from a range of sources, including public institutions, banks, community funds, and blended finance structures. Boroughs can also access additional support, including technical assistance and project development guidance, to help navigate the complexities of green financing.

The Green Finance Guide outlines over 20 sources of repayable financing, available from both public and private sectors. It offers detailed insights into key factors such as the size of available funds, application processes, and important exclusions. While many boroughs are already familiar with non-repayable grants, this guide focuses specifically on repayable financing options, including debt (borrowed capital that must be repaid with interest) and equity (capital raised through selling shares in a business).

Developed with the invaluable expertise of our partners, the Green Finance Guide serves as an important step in our ongoing collaboration with boroughs and other stakeholders. Together, we aim to provide continued guidance and resources to ensure effective green financing solutions for the future of London.

Contents

1. What is green finance?
2. What financing opportunities are available to London boroughs?
3. Support available to boroughs
4. Glossary
5. Acknowledgements

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