Evergreen Urban Development Fund
Managed by CBRE
The £20m Evergreen Urban Development Fund will provide development finance, in the form of loans or investment capital to help build facilities that will unlock opportunities around research and
development and support energy efficiency.
The new fund is a bolt on that will provide a flexible funding resource for delivering targeted investment to unlock potential within the Cheshire and Warrington region.
The initiative is expected to help bring forward development sites that have stalled due to lack of finance. It will also be used to provide funding to either retrofit buildings with new low carbon technologies or for low carbon technologies to be installed on new builds. It excludes residential property and retail.
Investments will be broadly targeted in three areas:
• £8m low carbon to fund energy efficiency property developments or retro fit existing property developments, including installation of solar panels, additional insulation, LED lighting
• £7m research and innovation for new labs and technical spaces
• £5m business support – for SMEs to grow and develop