Birmingham bins £1.5bn Carillion green deal Ι Construction Enquirer
Birmingham City Council has torn up its green deal contract with Carillion, originally trumpeted as worth £1.5bn when signed in October 2012.
The council took the decision this week to terminate the Birmingham Energy Savers programme in reaction to the Government’s decision to axe funding in July for the national Green Deal Finance Company and the Green Deal Home Improvement Fund.
The eight-year contract was estimated to be initially worth up to £600m for Carillion.
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At the time there were high hopes that this service agreement would be rolled out to the wider West Midlands area making it worth up to £1.5bn over the period.