Osborne Clarke has advised Amber Infrastructure on the launch of NTCA Green New Deal LP, a low carbon investment fund focused on the North East of England. The Green New Deal fund will provide equity and debt investment and grants to projects which can reduce carbon emissions as well as support industry and jobs in key areas. The fund is seeded with investment from the North of Tyne Combined Authority (NTCA) and Amber has been appointed as its fund manager.
The fund is an example of how public-private models can play a role in solving the decarbonisation challenge. Osborne Clarke has a unique client strategy around supporting clients on decarbonisation and the transition to net zero.
The Osborne Clarke team was led by Helen Parsonage and Daniel Faundez on the funds aspects, with support from Erika Jupe on tax and Marc Shrimpling on subsidy control issues.
Giles Frost, Chairman of Amber Infrastructure said: “The GNDF is an exciting new fund that Amber is delighted to be delivering in partnership with the North of Tyne Combined Authority. This Fund will help to support growing businesses and develop talent in the low carbon sector, whilst also acting as a catalyst for inward investment in the region. The Fund’s launch is very timely, following COP 26 and builds on Amber's success in managing low carbon and energy efficiency focused funds elsewhere in the UK."
James Watson, Partner and Head of Decarbonisation at Osborne Clarke said: "The GNDF is ground-breaking and will play a key role in the transition to net zero. Moreover, this showcases the strength in depth the Osborne Clarke team has in supporting clients on their decarbonisation journey."
Amber Infrastructure is a specialist international investment manager, focused on investment origination, asset management and fund management. Amber’s core business focuses on sourcing, developing, advising, investing in and managing infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally. Amber is headquartered in London with offices in Europe, North America and Australia and employs over 150 infrastructure professionals.
Osborne Clarke is a recognised industry leader in financial services providing a comprehensive life-cycle service to funds and fund investors across all asset classes and strategies.