Re:fit financing guidance from Local Partnerships

Re:fit is a procurement initiative for public bodies wishing to implement energy efficiency and local energy generation measures to their buildings or estate and support services. This guide provides practical advice to help decision-makers identify the most appropriate financing options to support the decision to proceed with an energy efficiency or energy generation project and subsequent procurement. It comprises:

• key considerations, such as borrowing rules, existing loan covenants, accounting treatment, VAT, etc – which can differ by sector and are subject to policy change
• a description of the key features of each type of financing
• key elements required to analyse projects to support the business case and, specifically, the
  financing decision
• procurement considerations for the finance element of a project, including setting requirements and evaluation of proposals
• references to alternate forms of guidance where appropriate.