There has recently been news that Stirling Council is set to save £31m over the next 30 years by installing energy saving street lights.
That local authority is borrowing almost £10m from the Green Investment Bank to install LEDs in 12 000 street lights over the next four years.
I think that’s a great initiative and asked the City Council its position on doing so. I have been advised by the Street Lighting Partnership Manager :
“We are currently putting together a business case for LED lighting in the city and the source of funding for this will be given due consideration by our finance colleagues I am sure.
Green Investment Bank is only one of a number of financial sources available to local authorities.”