The UK Green Investment Bank is providing £18 million for one of the UK’s largest NHS energy centres.
The £36m centre for Cambridge University Hospitals NHS Foundation Trust (Trust) will be the UK GIB’s first investment in the NHS, in line with one of its priority sectors, non-domestic energy efficiency.
It is being made in partnership with the Aviva Investors REaLM Infrastructure Fund.
The funds provided for the energy centre are part of a commitment of £50m to the Aviva Investors REaLM Energy Centres Fund (Fund), which specialises in non-domestic UK energy centres.
The new energy innovation centre will house a combined heat and power unit, biomass boiler, efficient dual fuel boilers and heat recovery from medical incineration.
UK GIB Chairman Lord Smith of Kelvin said “Non-domestic energy efficiency is a priority sector for the Green Investment Bank and this deal is an early demonstration of our strategy to partner with co-investors and deliver a commercial return to the bank, whilst reducing carbon emissions in the UK.”