Cambridgeshire to secure $6Mn funding to overcome climate change
Category: #energy-and-environment  By Saipriya Iyer  Date: 2022-06-20
  • share
  • Twitter
  • Facebook
  • LinkedIn
Cambridgeshire to secure $6Mn funding to overcome climate change

As per credible reports, a funding package of multi-million-pound for aiding in restoring the area's exhausted natural capital and facing the impact of climate change has been set to be approved.

The combined authority of Cambridgeshire and Peterborough is expected to discuss the funding of approximately £5 million ($6.1 million) for seven projects at its board meeting, which is expected to be held on June 27th Monday.

This includes a £2 million ($2.4 million) pot for a care home retrofit scheme for supporting the businesses to lower carbon emissions and £ 1 million ($1.2 million) for a net-zero communities programme, which will support small-scale communal headed projects for moving towards a future with net-zero.

Dr Nik Johnson, the Mayor, said that these extraordinary projects are just what Peterborough and Cambridgeshire are looking forward to aiding help toward the net-zero carbon future.

He further said that the country is responsible for supporting and championing projects that further demonstrate the right direction.

The mutual benefits of looking after the environment are crystal clear.

Investing now in the qualification of climate change and safeguarding the local environment will now eventually be paid back with higher green spaces to enjoy, cheaper energy, healthier living and better flood management.

As per credible sources, funding of £280,000 ($342,777) is proposed for the Logan's Meadow resident nature reserve wetland extension and around £210,000 ($257,083) for supporting Natural Cambridgeshire to offer its Doubling Nature vision.

The bids for the project were presented in December 2021 in the budget of the Combined Authority in response to the MTFP (Medium Term Financial Plan) session, where members of the public and key shareholders were asked about their interpretations of the innovative draft sustainable growth ambition.

Furthermore, the projects have undergone a systematic process for ensuring that they match with the policy framework of Combined Authority which includes scoring it against the authorized six keys and contribution to the local economy along with the affordability and strategy fit.

Source Credit - https://www.cambridgeindependent.co.uk/news/funding-to-help-cambridgeshire-tackle-climate-change-9259913/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Australian govt inks deal with 3 key gas exporters to avoid shortfalls
Australian govt inks deal with 3 key gas exporters to avoid shortfalls
By Saipriya Iyer

The Australian government has reportedly reached an agreement with the three leading east coast gas suppliers to ensure that an adequate supply of fossil energy is available to avert any possible shortage next year. Madeleine King, the federal res...

Chinese Yuan hits a new low against surging US dollar
Chinese Yuan hits a new low against surging US dollar
By Saipriya Iyer

The Chinese yuan has reportedly depreciated to a record low in relation to the rising US dollar. The yuan, which is traded internationally, plunged to its lowest level since data started to be made accessible in 2011. The value of the local cur...

British MPs: Energy bills to rise if Drax gets more government support
British MPs: Energy bills to rise if Drax gets more government support
By Saipriya Iyer

MPs from the UK have reportedly cautioned that if the government jumps into giving power station operator Drax more state support, people may find themselves paying higher energy bills. Nuclear and renewable power generators are being encouraged t...