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The Net Zero Delivery Vehicle is a proposed strategic partnership and governance structure between local authorities and private sector partners to accelerate and quality-assure the delivery of local net zero projects. The concept has been developed in conjunction with local authorities since 2021, and the core team has worked together since 2022 through funding from the Greater South East Net Zero Hub and Innovate UK Net Zero Living: Pathfinder Places project.
Public sector partners contribute project opportunities and resources
Private sector partners bring in expertise and a network of investors
NZDV is a distinct legal structure that allows co-investment by public and private sector partners
Project development units utilise best practices to aggregate, develop, and deliver projects across similar asset classes and local authorities
Stakeholder alignment at the PDU level reduces transaction costs for each project via replicable models
The managing organisation, administered by ep group, serves as a single point of contact for project stakeholders
Procurement via existing or a new NZDV framework reduces uncertainty and speeds up project delivery
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