The North London Waste Authority (NLWA) became the recipient of a record-breaking grant which will aim to improve upon recycling and waste management across North London. The government aid package, worth £258.4 million, was awarded from the Private Finance Initiative.
By 2045, the flagship project will handle up to three per cent of overall national waste tonnage making it, arguably, the most valuable investment in West Europe. The grant will go towards a host of new waste management facilities, including materials recovery facilities which sort recyclables, treatment facilities, household waste and recycling centres, and an anaerobic digestion plant.
Chair of the North London Waste Authority Councillor Clyde Loakes said that the award is a substantial boost for plans to update, improve, and build new facilities in order to be able to recycle up to half the waste created in North London. He added that North London is the second largest waste disposal municipality in the country and thus has a responsibility to help meet international and national targets.
Additionally, the grant will see a boost in the local economy as well as building materials, labour, and green jobs. The current goal is to use the award to have North London meeting strict European, national, and regional standards by 2020.
The new plans for North London are expected to save the NLWA as well as the seven North London boroughs, up to £900 million over a 30-year period. The award will also help the city implement renewable energy projects which will help power the new recycling and waste management facilities.
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