City Leap lottery winners Ameresco took on their first project in December. An existing £1.2m entirely publicly funded plan to install an air-source heat-pump in Blaise Primary School to replace an aging gas system that can be replaced for about £0.5m.
Accompanying the low-profile news that Ameresco were taking on this year old project was a senior officer decision to up the budget by 25 per cent to £1.5m due to ‘inflation’. This is despite the project having a 35 per cent contingency built into it when it was set-up in February 2022.
This extra money will come from this year’s school maintenance budget. Bad luck if your kids’ school needs any repairs then. The money’s been earmarked for a US corporation.
Any cynic suggesting Ameresco have upped the price by 25 per cent to extract a profit would, of course, be speculating.