Austin Macauley 20 October 2015

Council pension funds invest £60m in renewables

Council pension funds invest £60m in renewables image

Local government pension funds in Greater Manchester and London have made a joint £60m investment in renewable energy projects.

It is the first venture for the two funds’ £500m infrastructure investment scheme.

Some £9m has already been earmarked for Leeming Biogas, a plant based in Yorkshire which processes food waste to generate biomethane gas, and further investments are likely to be confirmed soon.

Chairman of London Pensions Fund Authority (LPFA), Sir Merrick Cockell, said: ‘The steps we have taken with Greater Manchester Pension Fund over the past year are a prime example of how LGPS Funds can collaborate to make investments for the benefit of UK infrastructure and in order to meet their own long-term investment goals.

'It’s our desire that others will see this success and look to see how they too can be a part of it.’

Tameside Council leader and chairman of the Greater Manchester Pension Fund, cllrr Kieran Quinn, said: ‘I’m delighted that our collaboration with the LFPA has made its first investment. The capital we have allocated will allow both funds to increase investment in UK infrastructure while at the same time delivering the societal benefit of developing renewable energy projects across the country, including the north west.’

SIGN UP
For your free daily news bulletin
Highways jobs

Interim Head of Service - Adult Operations

Tile Hill
£600 - £700 per day
Two Interim Heads of Service are required by our local authority client to lead adult operations across two localities. South
Recuriter: Tile Hill

Operations Manager (Traffic & Compliance)

Barnet London Borough Council
TBC
We’re looking for the right person for this role, so we don’t mind where you’re located, as long as... Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Operations Manager (Traffic & Travel)

Barnet London Borough Council
TBC
You’ll be responsible for developing strategies and delivering projects and programmes as part of the service senior management team - including... Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Operations Manager (Development Control)

Barnet London Borough Council
TBC
You’ll be responsible for the overall delivery of all highways and development control management in this varied role. Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Operations Manager (Assets)

Barnet London Borough Council
TBC
It’s an exciting role where we’ll look to you to ensure highways projects are delivered against continuous improvement and... Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue