Contact the Capital Investment team for more details about this opportunity

Opportunity Bristol City Leap Programme

City Leap is an ambitious programme to transform Bristol into a zero-carbon, smart energy city by 2030.

To achieve this objective, Bristol City Council is seeking to appoint a strategic partner to develop, construct and finance a range of low-carbon energy-related projects with a capital of value of up to 1 billion GBP.

This City Leap Programme offers a strategic opportunity for a long-term relationship with this pioneering public sector partner. Due to necessary changes to the original procurement process started in September 2019 it was required by law to end that process, giving rise to the opportunity to extend participation to 18th September 2020.

Contact the Capital Investment team for more details about this opportunity.

A city construction site
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Location

Bristol

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Project promoter

Bristol City Council

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Scale

Up to £1 billion capex

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Sector

Integrated energy systems, Smart city

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Investment type

Equity or combined debt and equity

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Planning status

Official Journal of the European Union (OJEU) and Concession Contracts Regulations 2016

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Project background

Bristol City Council is seeking to appoint a strategic partner to form a long term corporate joint venture with the council, the City Leap energy partnership. This partnership will be established to provide and secure low-carbon energy-related investment and expertise to deliver Bristol’s social, environmental and economic objectives.

The City Leap energy partnership will provide opportunities for the development, construction, and financing of low-carbon energy-related projects and delivery of associated services to assist with meeting Bristol’s carbon neutrality targets and potentially those of other local authorities in the South West region.

Project description

The strategic partner will be expected to provide commercial support and technical expertise to assist with the origination, development, facilitation and delivery of low carbon energy-related assets and services.

The full City Leap opportunities are outlined in the tender documentation which issues a call to those organisations, investors and innovators that have the vision, energy and the heart to join Bristol City Council in becoming the architects of Bristol’s sustainable future.

Such projects are likely to focus on:

  • heat networks - allowing the delivery of low carbon heat to be delivered across the city, building on Bristol’s existing city centre heat network
  • smart grid and demand-side response - building demand-side response capacity on the local electricity network to facilitate the roll-out of electric vehicles, embedded generation and smart devices, linked to smart metering and future time-of-use tariffs
  • renewable energy - the programme would provide resources required to developed increased renewable energy generation capacity at storage
  • low carbon transportation - the programme will focus on rapid mass transit, low emission vehicles and charging infrastructure
  • energy efficiency - City Leap would provide the resources for a broad ranging package of domestic and commercial energy efficiency measures

It is expected that the City Leap Energy Partnership will comprise a joint venture company between the strategic partner and the Council (JVCo).

An asset-owning investment vehicle will hold shares in a wide range of low carbon and energy projects through a special purpose vehicle structure.

The final structure of the City Leap energy partnership will be developed in conjunction with bidders during the tender process, particularly in relation to the nature of asset-owning structures and any associated investment fund that may be proposed by the bidders during the process or is linked to for the purpose of providing investment funding for City Leap.

Project promoter and partnerships

Bristol City Council are the promoters of this large scale, integrated energy project. Bristol has long led the way in the fields of energy, sustainability, digital and future start-up companies.

It was the European Green Capital in 2015, and was voted the number one smart city in the UK in 2017. To date the city has successfully delivered approximately 50 million GBP of low carbon energy investment.

The mayor and councillors across all parties are committed to continued delivery and want to achieve a step change in the delivery of the low carbon, smart energy infrastructure.

To invest in the UK, get in touch with our team.

Find out more about Bristol City Leap.