As the Greenlight program moves towards its end, London’s capital has the potential to become a greenlight site for hundreds of other operators.
The government’s greenlighting of more than 50 operators was heralded as a major win for the city and its green-lighting could allow them to expand into other parts of the country.
The government’s Greenlighting for New Operators Act, which is currently being drafted, was a massive win for London’s green-lighting and was widely seen as a big step forward for the area.
However, the legislation could open the door to other operators seeking to get green-lights as well.
Some operators are already looking at the potential for other jurisdictions, including Australia, to open up to them.
“It will mean a whole lot more operators that we could go back and look at, and that’s something that is good for the whole country,” said Nick Wysocki, a partner at law firm Leigh Day who has advised several operators.
Wysockis was in London this week to advise the Greenlighting Committee on the future of green-lending and the Greenlending Council.
Greenlighting is the process by which the government grants green-lit operations a permit to operate, usually in a specific area.
Operators must apply to the council for permission to operate within a specified area of a given size, size, population or economic importance.
In the case of the UK, the government has issued green-calls to more than a dozen operators, and some operators have been given green-bills in the hundreds of thousands of pounds.
According to a recent report from the Office for National Statistics, there are more than 150,000 green-fills in London.
One operator, London-based operator Open City, is hoping to receive a green-call from the government within the next 12 months.
Its aim is to provide the London Underground with a network of 24-hour underground stations, and to build a rail network for the capital.
The city’s green librarian, Peter Tindall, said it was exciting to see the potential of the London area for the GreenLending Network.
He said the city could become a “green light site” if operators start applying to the Green Lending Council, which has been set up in a bid to promote green-loan and green-credit schemes.
However, there have been concerns raised by the green-listing committee about how green-calling will be handled.
It has called for the council to provide “clear guidelines” on how the green calling process will work, and has called on the council and the government to work together on a new green-locator law.
Another concern is that the council will be responsible for any delays, such as issues with green-cards.
While the government said green-licensing would be a “key part” of its GreenLender programme, it did not say whether operators would be required to apply for green-prints for the first time.
For more than four years, Londoners have been waiting for green lending and green credit schemes to be approved, but it has been more than two years since that has happened.
London has been a key part of the GreenLight program, and its status as the country’s greenest city has been recognised with the green rating from the green infrastructure company, GUT, which says it is the greenest capital in the world.
But the Green Listing Committee was not persuaded by the council’s assessment of London’s status.
Committee chairwoman Sue Bowerman said: “The Green Listers were not satisfied with the council decision to make London the green capital of the world.”
The committee also said it expected the council would work with operators to improve the green lending process.
An earlier draft of the legislation called for green loans to be granted to green-listed operators within a “range of business, economic and other factors” to encourage them to invest in green infrastructure and create jobs.
However, the draft legislation also said the Green Loan Scheme should only be given a green rating if the operators had an economic plan for investing in green projects.
Open City, which was also green-licensed last year, said the council was “incredibly wrong” to think its decision to green label operators was an endorsement of their business model.
“It is disappointing that a council is giving green-based businesses an endorsement without any evidence,” said Chris Hutton, the company’s director of operations.
Mr Hutton said it would be “difficult” to give the green lister the green stamp of approval without more evidence.
John Latham, an adviser to the London GreenLenders Association, said he was “disappointed” the council did not believe operators had “a viable business plan” for investing.
“There is no doubt that green lending