The money is to be allocated within a group of 20 preferred projects. These projects will be identified by the board over the next 12 months according to which ones suit the Mayor of London’s preferred approach to waste management.
The board will help develop the business plans of these projects to give them the best chance of successfully receiving board funding.
Flats recycling, community projects, recycling projects and energy from waste initiatives are to be prioritised for funding.
Chair of the board James Cleverly said: “We have identified a clutch of projects that we could support and help fund over the next 12 months. These innovative schemes will deliver the most ‘bang for their buck’, save councils and their residents money and make it easier for people to manage their waste. This year will be the year of delivery for us.”
The allocation was announced in the LWaRB’s second year business plan. The plan has been developed in conjunction with Boris Johnson’s waste priorities, which include measures to boost London’s recycling rates, to embrace less polluting waste technologies, make more money from waste, ensure streets are cleaner before 2012 and save up to £90 million. It is thought this saving could be made by sending zero waste to landfill, optimising recycling and extracting energy from the remaining waste.