Marks & Spencer launches Â£400,000 community energy fund
Marks & Spencer has launched the M&S Community Energy Fund which will make up to Â£400,000 available to support community renewable energy projects and technologies across the UK.
The retailer said any not for profit organisation that wants to use renewable energy to provide community benefits will be eligible to apply, whether a community energy group, a sports club, library, school or an organisation that wants to have a positive impact on the environment.
Following the initial application and shortlisting process, the winners will be decided by public vote. There are estimated to be over 5,000 community energy groups currently active in the UK, with over 700 launching every year since 2008.
Jonathan Hazeldine, head of M&S Energy said: “To mark M&S Energy’s electricity going 100% green, we want to help more communities in the UK to generate renewable energy and become environmentally and financially sustainable. The M&S Community Energy Fund will enable a wide range of groups to get their projects off the ground and we’re looking forward to hearing about innovative projects that will benefit local communities across the UK.”
The fund’s launch comes as M&S Energy moves to supplying 100% of its electricity from renewable sources. M&S Energy will generate electricity from 46 hydro power stations in Scotland equivalent to the consumption of its customers.
The announcement coincided with Marks & Spencer’s annual Plan A 2020 Stakeholder Event where the company gave an update on the progress it has made against its eco and ethical commitments along with its view on the sustainable business challenges and next steps.
Adam Elman, head of global Plan A delivery at M&S, said: “One of our key sustainability aims is making Plan A more localised and relevant to the communities where our customers and employees live and work. The M&S Community Energy Fund gets right to the heart of supporting our communities and provides a great opportunity for local green leaders to engage their community in the environmental and social benefits of renewable energy.”
Energy Minister Lord Bourne added: “We’re transforming the way we power homes and businesses up and down the country – boosted by initiatives like this from Marks and Spencer. This fund will bring greener, cleaner energy supplies to local communities and supports M&S Energy's impressive move to source 100% of the electricity it supplies from renewable sources."
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