|Projects that will generate significant CO2 emission reductions, improvement of city environments and transport systems all require significant financial investment. However, a key challenge for cities lies in structuring projects in the right way to successfully attract investors and reduce risk, in order to increase their scale and impact. || |
Structuring projects and creating business models appropriate to the local context is a critical foundation for a successful initiative. STEP UP cities have found that an integrated approach provides opportunities to explore new types of funding. For example, when various stakeholders and sectors are combined in an initiative, there can be opportunities for resources to be generated from several different sources at once.
When considering finance and funding for your own city projects, consider:
- What are the different funding sources which may be available to your project?
- Which stakeholders can you engage with to discuss potential partnerships?
Many of the innovative, integrated low carbon initiatives within the STEP UP cities have organised their business models around public-private partnerships so that the public sector can reduce the costs of capital investment and borrowing required and the private sector can assume an element of financial, technical and operational risk and control in the project.
You can read more about these city projects and the business models which have been designed to attract investment here
Workshop on Financing SEAP Actions and Innovative Projects (Nov 2014)
STEP UP held a workshop for its Learning Network of cities in Riga in November 2014. The afternoon sessions were dedicated to financing aspects of enhanced SEAPs and innovative projects, sharing expertise from the European Commission, STEP UP cities and other European projects. Numerous local examples of financial models were discussed, covering district heating, Energy Service Companies (ESCos), subsidies for residential energy-efficiency systems and building Energy Management Systems.
Presentations from the day are available to read online or download hereLow Carbon Business Models Webinar (Oct 2014)
In October 2014, the Glasgow STEP UP team hosted an interactive webinar for its Scottish Learning Network on business models and financing for low carbon projects. The session featured guest speakers from the Green Investment Bank and Scottish Futures Trust, discussing a variety of investment opportunities and case studies from Scotland and the UK.
Presentations from the webinar are available to read online or download here