The Leapfrog Community Energy Bridge Fund is a £30 million revolving loan facility to finance community-owned renewable energy assets.
It is a debt fund, able to lend up to 100% of the construction cost of a community-owned renewable energy project (minimum £250k, maximum £6m). It can also lend 100% of the acquisition cost of a renewable energy project to bring it into community ownership.
This facility is managed by Leapfrog Finance and was originally introduced to enable community groups to acquire and/or construct renewable energy projects under the government’s Shared ownership protocol, introduced in April 2015.
It delivers social impact in several ways, not least of which is increased economic resilience in deprived areas through ownership of cash generating assets, in this particular case, renewable energy generation.