A £1billion venture to speed up Bristol’s decarbonisation has been delayed by a few more months, pushing the total cost of the project to council taxpayers to £7.4million so far.
City Leap is a public-private venture between Bristol City Council and a commercial organisation to accelerate green energy investments in the city and help it reach its target of being carbon neutral by 2030.
The commercial partner will invest up to £1billion in the city’s energy systems, and hold 50 per cent of the shares in the joint venture company, with the other half held by the council.
