Green New Deal Fund

The Green New Deal Fund is the Mayor of London's fund to boost green jobs, tackle the climate and ecological emergencies, improve air quality and address inequalities.

The Green New Deal is a key part of the Mayor’s ambitions to make London a zero carbon city by 2030 and the capital’s recovery from the coronavirus crisis.

The pandemic has highlighted how the environment can have a disproportionate impact on Londoners, with those living in deprived areas most likely to experience poor air quality, cold, damp homes and limited access to green space.

To address these challenges, the Mayor and the London Recovery Board, have set the target to double London’s ‘green economy’ by 2030. Putting the environment at the centre of the recovery is a chance to address the looming economic downturn and rebuild our city so that it’s cleaner, greener and fairer.

The first phase of the fund focuses on the following three areas:

Decarbonising the Built Environment

Tackling emissions from heating and powering London’s buildings. Programmes will make homes more energy efficient and ensure London is supplied with more green energy through district energy networks and other clean sources such as solar. Programmes include:

• North London District Energy
• London Community Energy Fund
• Solar Together London

Green Transport and Public Realm

Cutting transport emissions and encouraging walking, cycling and electric vehicles. Projects will also improve access to green spaces and the natural environment while increasing London’s resilience and adaptation to climate change impacts. Programmes include:

• Future Neighbourhoods 2030
• Grow Back Greener

Green Foundations

Building the economic, industrial and political foundations so London’s green economy can grow. This is vital if we are to meet the city’s climate targets by 2030. Programmes include:

• Better Futures
• Advance London

London’s Green Economy

The green economy covers renewable energy projects like wind and solar and other green technology and materials used to make low carbon buildings and transport. London’s £48 billion green economy now supports five per cent of jobs in the capital – is worth more than the construction and housing sectors combined and has grown rapidly over the last decade, creating more than 161,000 new jobs in that time. Read more about London's green economy.

The Green New Deal Fund will boost projects that support the green economy as well as creating and retaining a range of jobs such as solar panel installers, designers, engineers and various jobs in construction including site managers, supervisors and builders.