More than 1,000 jobs will be created as part of a £100m green funding boost to regenerate some of the poorest parts of London, the Mayor of London, Boris Johnson and European Commissioner for Regional Policy, Paweł Samecki announced today.
The joint funding will finance decentralised energy, recycling and waste energy creation projects. A proposal for a new decentralised energy network in Barking is currently under consideration as one of the first projects to receive support. As well as regeneration benefits, the projects will promote sustainable and carbon neutral economic growth, combat climate change and help the capital towards its target of reducing London’s CO2 emissions by 60 per cent by 2025.
SOURCE: Mayor of London 100m of green initiatives to regenerate deprived areas of London.