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.’

Highways jobs

Senior Traffic Engineer

East Riding of Yorkshire Council
£32,029 - £34,788 per annum
Currently seeking an enthusiastic and experienced individual to manage our Traffic Team. East Riding of Yorkshire
Recuriter: East Riding of Yorkshire Council

ESCA Development Assistant

Essex County Council
£20000 - £22200 per annum + Excellent Benefits Package
ESCA Development Assistants will work at the heart of the team to deliver administrative tasks in support of all programmes and projects across Children & Families and Adults and financial monitoring. England, Essex, Chelmsford
Recuriter: Essex County Council

ASC Senior Social Worker - Physical & Sensory Impairment Team

Essex County Council
£38400 - £46475 per annum
Job Purpose ECC Adult Social Care, through effective practice, is moving towards a transformational shift from a focus on long-term care support, to a England, Essex, Harlow
Recuriter: Essex County Council

Head of Operational and Commercial Services

Copeland Borough Council
£66,273.48 per annum
Looking for a professional with ambition and inspirational leadership qualities, with operational service and... Cumbria
Recuriter: Copeland Borough Council

Customer Service Assistant

Brent Council
£22,779 - £24,030 p.a. Inc.
An exciting and challenging opportunity has arisen within the Customer Services section. Wembley, London (Greater)
Recuriter: Brent Council

Local Government News

Latest issue - Local Goverrnemnt News

This issue of Local Government News explores how councils can tackle modern slavery and trafficking in their supply chains, finds out more about Cambridge's first cohousing scheme and the launch of a new project to build a shared service pattern library for local government.

This issue also contains a special focus on children's services and how councils are protecting children following local safeguarding children boards being abolished.

Register for your free magazine