About the report

The 3Ci Net Zero Neighbourhoods (NZN) programme approach combines a blended finance mechanism, designed to leverage private sector capital on top of public finance, with practical place-based implementation. This delivers a range of technical interventions together, that are collectively needed to decarbonise population centres in line with the UK’s net zero ambitions.

The purpose of this Outline Business Case is to make the case for approval and further funding to progress the 3Ci NZN programme to the next “Phase” (Phase 3).

Phase 3 is where the programme principles can be demonstrated in practice, within a set of demonstrator projects, and the major questions, including the blended finance model and the operational supporting structures Financial Company (FinCo) and Operating Company (OpCo), can be tested further to provide proof and refinement of concept.