Your investment journey

Modern skyscrapers and buildings Your Investment Journey icon

Start your investment journey using our six-stage process

Use our knowledge products, case studies and other resources to help you unlock the funding needed to deliver integrated, high-impact net zero programmes.

Strategy

This stage will help you

  • Define context: establish your strategic vision, net zero targets and scope of influence.
  • Assess readiness: identify whether your local authority has a clear definition of “place”.
  • Set objectives: translate high level ambitions into measurable outcomes.
  • Engage with key stakeholders: map and align them to your strategy.
  • Quick to explore
  • Learn and apply
  • Deep dive
Key resources
Guidance

Fit4Finance Diagnostic Tool (Online Tool)

The Fit4Finance Diagnostic Tool helps local authorities understand their position on the journey towards building investment for net zero.

Source: Fit4Finance

Training

Training Module 1 – Understanding the Basics of Net Zero Finance

Training module covering the scale of the challenge, the relationships between finance and sustainability leads, embedding net zero in organisations and projects, and creating the right proposition.

Last updated: 11/05/2026

Guidance

A Business Case Framework for Local Authority Net Zero Projects

An insight document detailing an approach and tools to help local authorities prepare for the Green Book option process. This insight discusses the necessary preparation steps, offering practical guidance as well as tools to support local authorities to engage internally and ensure that they have the requisite information to undertake options appraisal.

Source: City Science/BWB

More resources
Case study

Net Zero Investment Pilot Journey Case Study 1

Coming soon

Case study

Net Zero Investment Pilot Journey Case Study 2

Coming soon

Case study

Net Zero Investment Pilot Journey Case Study 3

Coming soon

Guidance

Model ‘User Journey’ for NZ Investment

This synthesis will capture learnings from three Local Net Zero Accelerator pilots, offering practical guidance for designing net zero investment strategies that attract investors. It will be developed towards the end of the programme when pipeline bundling reaches maturity.

Coming soon

Joint Ventures and Strategic Partnerships – Case Study Comparison

This briefing note explores different Joint Venture (JV) and Strategic Partnership approaches for investment in net zero, comparing and contrasting case studies to offer alternative approaches to Bristol City Leap.

Last updated: 08/12/2025

Case study

Procurement Case Study

Guidance on collaborating effectively with procurement teams, starting engagement early, socialising processes from the outset, and working closely across teams and authorities to create the organisational conditions needed for success.

Coming soon

Guidance

Finance Officers and Associated Competencies (Skills, Knowledge & Experience)

This document defines the Senior Finance Officer’s role as an integrative financial–technical function across RIBA project stages for renewable energy and storage initiatives, detailing responsibilities, competencies, and finance support activities from strategic definition through operational evaluation.

Last updated: 08/12/2025

Synopsis

Community Engagement Overview Paper: Rural, Affluent, Urban-Deprived, Community Benefit Funds

This Product is a suite of documents that explain why community engagement matters in a place based approach to net zero, examines the role Community Benefit Funds play in community engagement for net zero projects, explores community engagement in the rural context for net zero projects, and covers the role of digital methods of communication in a rural setting.

Last updated: 15/05/2026

Guidance

Development Finance Overview Paper

This paper will provide strategic authorities with practical insights into acquiring development finance for place-based net zero projects,

Coming soon

Guidance

Procuring Innovation Playbook

Connected Places Catapult guidance on how to procure innovative goods and services, including consideration of pilots, pre-market engagement and procurement route options.

Source: Connected Places

Training

Introduction to the Business Case

This e-learning programme will help local authorities prepare business cases for their Net Zero projects. It explains the Five Case Model: the strategic, economic, commercial, financial, and management themes used to create well-structured business cases.

Source: Net Zero Go

Guidance

Net Zero Go Investment Decision Tree

Net Zero Go’s decision-making tree guides users through a series of questions to assess the various financial options that may be available to fund their project and outline the key advantages and disadvantages of each.

This decision-making tree is intended to support Local Authority decision-makers in assessing various financial options which may be available to fund a project. The tool guides users through a series of questions that will lead to a variety of potential funding sources and includes links to reference materials that give further detail on these sources, their key features as well as advantages and disadvantages.

Source: Net Zero Go

Guidance

Funding Directory

Net Zero Go does its best to maintain an up to date directory of funding opportunities and programmes. The list can be accessed here.

Source: Net Zero Go

Guidance

Financing across the project lifecycle

This Net Zero Go guide provides a review of steps that should be carried out to ensure successful financing of local energy projects.

Funding and investment may happen at many stages within the lifecycle of the project. It may happen multiple times and can involve multiple types and sources of funding during the project lifetime.

Source: Net Zero Go

Training

Introduction to funding and financing your way to Net Zero

This e-learning programme introduces the basics of how to fund and finance Net Zero projects. You will learn about the types of funding and financing available to local authorities, what they need to do to obtain them, and why they are best placed to use them towards delivering their projects.

Source: Net Zero Go

Pipeline development

This stage will help you

  • Identify projects across all sources.
  • Define your project to ensure each one is developed to an investment-ready standard (technical, financial, governance).
  • Build coherent portfolios so that you can attract investment.
  • Assess supply chain readiness to ensure that delivery partners and supply chains are in place to support pipeline execution.
  • Quick to explore
  • Learn and apply
  • Deep dive
Key resources
Guidance

Net Zero Local Authority Investment Partnerships – Options & Considerations

This document demystifies various investment partnership models by outlining their structures, benefits, challenges, and alignment with net zero goals. It helps stakeholders evaluate models based on their risk appetite, governance capacity, and project objectives.

Last updated: 08/12/2025

Training

Training Module 2 – Options Analysis and Appraisal

Training module covering problem identification/outcomes, identifying the problem and desired outcomes, the role of local authorities, identifying/evaluating potential options, and the critical success factors to appraisal.

Last updated: 11/05/2026

Synopsis

Communicating the Investment Value of Local Authority Partnerships

This document serves as a practical guide to help UK local and combined authorities clearly communicate their investment value to institutional investors through commercially grounded, investor-focused messaging.

Last updated: 08/12/2025

Guidance

Green Finance Guide

This is a PDF guide which covers an introduction to green finance including; definition, sources of funding (public, institutional, bank, community, blended and innovative), case studies and the range of support available for London boroughs.

Source: London Councils

More resources
Guidance

Investor Landscape Mapping

This note provides a strategic overview of the UK institutional investor landscape, with a focus on informing how local and combined authorities can better understand, engage, and partner with different classes of investors.

Last updated: 08/12/2025

Guidance

Building Investable Bundles

This document provides guidance for local authorities on creating standardised, investor-ready bundles by combining anchor and non-anchor projects into commercially viable, financeable portfolios.

Coming soon

Case study

Mayoral Renewables Fund Case Study

This paper captures the Local Net Zero Accelerator three pilot Authorities’ approach the Mayoral Renewables Fund. It provides useful insights to future Strategic Authorities on the key learnings to approach funding opportunities, including practical insights into unlocking pipelines, building investable propositions, and using strategic governance to accelerate project readiness.

Coming soon

Synopsis

Mixed Asset Bundling for Net Zero Investment

This briefing note is for a local authority/combined authority audience to explain asset bundling to secure net zero investment, minimise public spending and avoid stranded assets.

Last updated: 08/12/2025

Synopsis

How to Include Retrofit in Bundles

Coming soon

Synopsis

Supporting the Transition to Net Zero in the Faith Sector

This note provides guidance for local authorities on engaging and supporting faith-based organisations, particularly community churches, in delivering net zero outcomes.

Last updated: 08/12/2025

Synopsis

Sewage Infrastructure use of District Heat Synopsis

Coming soon

Guidance

Mobilising Local Net Zero Investment: Challenges and Opportunities for Net Zero Investment

This report sets out the broad range of finance approaches, products and providers local authorities can consider to raise capital.

Source: Green Finance Institute/UK Research and Innovation

Government Guidance

Guide to Developing the Project Business Case

This guide demonstrates how the HM Treasury Green Book guidance should be applied for project appraisal. This provides specific guidance for consideration of project financing in the financial case.

Source: HM Treasury

Case study

National Wealth Fund Local Authority Case Studies

This webpage shows case studies of how local authorities have successfully financed decarbonisation projects in collaboration with the National Wealth Fund.

Source: National Wealth Fund

Template

Business Case Templates for Local Energy Projects

These business case templates aim to provide a framework for structured thinking with section headings, guidance notes, draft text, graphs and tables and suggested workshop sessions to assist in the development and sign off of local energy projects.

Templates available include:

  • Heat Networks Strategic Outline Case
  • Solar PV Strategic Outline Case
  • Retrofit Strategic Outline Case
  • Generic Strategic Outline Case
  • Generic Outline Business Case

Source: Local partnerships

Guidance

Carbon Net Zero Funding and Grants

Crown Commercial Services list of live opportunities for net zero and sustainability grants.

Source: Crown Commercial Services

Guidance

Green Funding & Finance Finder

The Green Funding & Finance Finder will help you discover funding and finance opportunities for your decarbonisation projects.

Source: Zero Carbon Accelerator/Greater London Authority

Guidance

Investment Appraisal Tool

Net Zero Go has developed an appraisal tool that can be used for an initial financial assessment of different options. The tool has been built on Microsoft Excel and it is intended to be used funding and investment options stage

Source: Net Zero Go

Commercialisation

This stage will help you

  • Structure investment: develop financial models and partnership frameworks for bundles of projects.
  • Allocate risk: define mechanisms for sharing risk between public and private partners.
  • Engage the market: test propositions with investors, utilities, and delivery partners.
  • Quick to explore
  • Learn and apply
  • Deep dive
Key resources
Guidance

Replicable Models and Structures Toolkit

These toolkits will support Local Authorities to prepare and enter into different types of investment model and structure to deliver Net Zero programmes, at scale and pace. The toolkits aim to reduce the time and cost associated with Local Authorities procuring similar materials to overcome comparable challenges.

Last updated: 21/05/2026

Guidance

Playbooks for Bundle-Ready, Commercially Investable Project Development

This document will help local authorities navigate bundling commercially investable projects and assist in tying up all other methodologies of bundling from the guidance documents on the topic.

Coming soon

Training

Training Module 3 – Develop an Effective Business Case

Training module covering communicating financial information, structuring business cases for different audiences, and integrating project development, commercial matters, and funding.

Last updated: 11/05/2026

Training

Training Module 4 – Financial Modelling for Net Zero Projects (Concepts)

Training module covering the financial components of net zero projects (e.g., solar farms), projecting cash flows, returns, and risk profiles, and sensitivity analysis and scenario planning.

Last updated: 11/05/2026

Training

Training Module 5 – Exploring Innovative Financing for Net Zero

Training module covering heat as a service, blended finance models, community-based financing, and green bonds and climate-themed funds.

Last updated: 11/05/2026

Training

Training Module 6 – Whole-System Financing for Net Zero

Training module covering whole-system financing for net zero, linking individual projects to broader net zero strategies, and identifying/leveraging synergies across net zero initiatives.

Last updated: 11/05/2026

Guidance

Blended Finance Regional Funds for Net Zero

This insight document aims to help local authorities determine if a Regional Blended Finance Fund for Net Zero (‘Regional Net Zero fund’ or ‘Fund’) is a suitable option for their region. It provides guidance on key considerations involved in establishing and operating such funds.

Source: City Science/BWB

Guidance

Local Climate Bond Toolkit

This toolkit provides step-by-step guidance on how climate bonds can be applied at the local level.

Source: Green Finance Institute

Guidance

Financing Net Zero Projects

This PDF guide provides structured information about project and pipeline development that can help local authorities to structure LNZPs to minimise risk and attract investment.

Source: Innovate UK/PWC

More resources

Net Zero Investment Governance

Coming soon

Synopsis

Introduction to Climate Bonds

Coming soon

Case study

Investor Engagement Case Study

Coming soon

Guidance

District Heat Connection Charges Options Appraisal

Coming soon

Synopsis

Area Zoning Procurement Criteria Implications for District Heating Community Energy Synopsis

Coming soon

Blended Finance Glossary

A quick glossary of key blended finance terms used to attract private investment into local net zero projects.

Last updated: 08/12/2025

Government Guidance

The Green Book and Accompanying Guidance

This webpage provides comprehensive resources for HM Treasury guidance on how to appraise policies, projects and programmes. There is specific guidance on how to assess project financing, through the financial case.

Source: HM Treasury

Government Guidance

Heat Networks – GOV/UK

This webpage provides comprehensive resources for heat network development, including details on available government funding, business case resources and regulation.

Source: Department for Energy Security & Net Zero

Build

This stage will help you

  • Run transparent, competitive processes to appoint delivery partners.
  • Implement planning so that detailed delivery schedules, resource plans and compliance frameworks are developed.
  • Execute build and deployment activities, ensuring adherence to quality, safety and sustainability standards.
  • Quick to explore
  • Learn and apply
  • Deep dive
Resources
Case study

Net Zero Go Case Study Library

Net Zero Go hosts a wide range of case studies in different asset types and delivery models. Access these here to find out more how others have delivered specific project types and learn about their experience and recommendations.

Source: Net Zero Go

Training

Introduction to Procurement Act 2023

Welcome to this e-learning programme on the UK’s Procurement Act 2023, which overhauls public procurement rules, replacing the old EU-based regulations. The Act aims to simplify processes, introduce new principles, and better align procurement with strategic goals like sustainability and Net Zero commitments.

Local authority officers managing Net Zero projects will find greater flexibility to pursue innovative, sustainable solutions while still ensuring fairness and value for money.

This summary provides an accessible breakdown of the Act’s key elements – principles, procedures, and governance – focused on what you need to know for environmentally responsible procurement.

Source: Net Zero Go

Training

Non-domestic building decarbonisation | 4. Project development

This e-learning programme will delve into the process of planning and executing strategies, programmes, and project plans for reducing carbon emissions in non-domestic public buildings, as well as looking at the approval processes along the way.

Source: Net Zero Go

Guidance

Unlocking clean energy in Greater Manchester (UCEGM) Collection

UCEGM is a pioneering project that has delivered a number of renewable schemes across the Greater Manchester city region and has created a blueprint that can be replicated in other regions across the UK aiming for Net Zero carbon emissions. This collection includes resources on specific technology business models and financing options.

Source: Net Zero Go

Operate

Resources coming soon

This stage will help you

  • Transition projects into a live operation with clear governance and performance monitoring.
  • Track KPIs (carbon savings, financial returns, community benefits).
  • Capture lessons learned and optimise operations.

Expansion

Resources coming soon

This stage will help you

  • Scale up and replicate successful pilots across wider areas or sectors.
  • Grow your portfolio into established partnership structures.
  • Strengthen supply chains and investor confidence to accelerate delivery.
  • Share knowledge by disseminating case studies and best practice across the sector.