ADBA draws up key tools to help deliver AD strategy
Delivery of the Government's anaerobic digestion (AD) strategy and action plan has moved a step closer with the publication of two key supporting documents by the Anaerobic Digestion & Biogas Association (ADBA).
The due diligence template, developed in association with WRAP, offers a simple way for developers to check they have provided all the information which investors need to carry out due diligence on projects.
Banks and venture capitalists financing AD, their advisers and ADBA's lawyers working group, which includes representatives from major law firms, have both fed into the template.
It provides developers with overarching guidance on what investors would expect to see in a business plan, and gives investors a simple way to check where the information they need can be found. The template aims to help reduce the cost and complexity of due diligence and facilitate raising finance.
ADBA has also published a list of current financial schemes available to AD projects. Collating these into one accessible document gives developers a signpost to such schemes, and where they can find more details.
Charlotte Morton, Chief Executive of ADBA, said: "Delivering these documents is part of the wider work ADBA is doing to develop the AD industry, both within and outside the actions agreed in the Action Plan."