Social landlords sign up with retrofit finance body
A host of social landlords have joined the Green Deal Finance Company which has now doubled its membership since it was incorporated in March.
Six local authorities and one major housing association were among 21 new members that have seen the not-for-profit group’s ranks swell to more than 40 organisations, as tipped by Inside Housing.
The industry-led consortium is working to reduce the cost of finance that underpins the government’s flagship retrofit scheme, the green deal, in which households will see energy efficiency works carried out at no upfront cost, with the tab being paid for by private sector providers which will recoup the cash through the resulting energy savings.
It plans to act as a national aggregating body, which, by working at scale on a national level, will minimise the operating and administration costs of green deals, and will aim to access cheap finance using a strong credit rating.
New social housing members include the Association of Greater Manchester Authorities, The London Borough of Haringey Council, Newcastle City Council, Norfolk County Council, Nottingham City Council, Swindon Borough Council, and housing association, Places for People.
They join existing landlords such as Gentoo Group, and contractors like Willmott Dixon and Keepmoat, as well as a host of energy companies and industry bodies such as Association for the Conservation of Energy and the Construction Products Association.
Paul Davies, partner at PWC, speaking on behalf of The Green Deal Finance Company, said: ‘The growing membership of The Green Deal Finance Company is a real reflection of the wide range of local authorities, businesses and services involved in delivering the low carbon economy.
‘We have had significant interest in joining from other organisations in the public and private sectors, so we expect membership to increase again over the coming months as organisations prepare to take advantage of the consumer interest in this scheme at its roll out in Autumn.’