Green Investment Bank in major NHS project

The Green Investment Bank will provide £18 million of funding towards a new energy innovation centre for Cambridge University Hospitals NHS Foundation Trust in what will be its first investment in the NHS. GIB’s participation mobilises a further £18 million of private capital into the project.

The energy centre will house a CHP unit, biomass boiler, efficient dual-fuel boilers and heat recovery from medical incineration. It will provide heat and power to the trust, including the Addenbrooke’s and Rosie Hospitals. Savings of over £20 million in energy costs over the 25-year operational life of the project are expected, with CO2 reductions of over 25 000 t a year.

The project is subject to final planning approval. MITIE has been awarded the contract to develop the energy centre and operate it throughout the 25-year term.

UK Green Investment Bank 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.’

Related links:



modbs tv logo

New report outlines path towards decarbonisation for the off-grid manufacturing sector

A new report released by Liquid Gas UK (LGUK), the trade association for the LPG industry in the UK, outlines the route to decarbonising manufacturing off-grid businesses using LPG and bioLPG. 

Hydrogen is unlikely to be the golden ticket to decarbonisation heat in buildings

Hydrogen has been hyped for heat for meeting the UK’s zero carbon target. 

Calendar