Retrofit and the Revolving Loan guarantee fund A Welsh perspective
Dewi Llwyd Evans Community Initiatives Manager
Cymdeithas
Tai Eryri’s journey into retrofit The ARBED programme in Wales The Welsh Revolving Loan Guarantee Fund and progress to date Some thoughts on why WLRGF is even more important today than it was when we started Empowered procurement and regeneration
Our Area of Operation A wonderful area to live and work in – culturally rich, a beautiful landscape and coastline, strong sense of community
But….. Low GDP, some of the lowest wages in the UK, pockets of deprivation, peripherality, outward migration of young people…..
Ein Cenhadaeth Our Mission “Gwella Bywydau, Datblygu Cymunedau Cynaliadwy, Hybu’r Gymraeg”
“Improving Lives, Developing Sustainable Communities, Promoting the Welsh Language”
Cymdeithas Tai Eryri • • • • •
Social economy business with 1800 properties across Anglesey and Gwynedd Reducing Carbon theme in our Corporate plan Measuring our ecological footprint: operations, housing, tenants Pilot Schemes on new build and retrofit Board Commitment • •
£2m retrofit investment £12m to reach Welsh Housing Quality Standard
Eithinog Pilot: Bangor First social housing in Wales built to Code Level 4
Trem y Mor, Trefor (‘retrofit’)
Trem y Mor, Trefor (‘retrofit’)
Trem y Mor, Trefor (‘retrofit’)
The ARBED Programme in Wales An integrated approach to retrofit • Reducing climate change • Eradicating fuel poverty • Economic development & regeneration –
–
Solar PV, solar thermal, Wall insulation, Heat pumps installations targeted to regeneration areas £30m available to social landlords
CTE’s ARBED programme
Target Hard to heat homes (i.e solid walls, off gas, coal fires & storage heaters)
Renewable energy Create jobs, training placements & upskill our existing contractors especially with PV Partnership with local authority, private sector , Dulas ,local contractors The second largest award in Wales £2.5m
Paneli Photofoltaic Solar Photovoltaic
258
Insiwleiddio waliau allanol External wall insulation
73
O dân glo….
….i bwmp gwres
From solid fuel….
….to air source heat pump
33
Solar dŵr poeth Solar thermal
86
Regeneration outcomes 16 Companies contracted – 14 in our operating area 15 Work placements for unemployed young people
2 Full time jobs & 4 apprenticeships 6 Local companies achieving MCS accreditation 1 Monitoring officer KTP project with Bangor University
Dylan Williams Aelod o gweithlu CTE sydd nawr gyda achrediad MCS i ffitio paneli solar Part of the CTE workteam who now have MCS accreditation to fit solar panels
The journey to the RLGF Strategic
discussion with our partners
how to avoid boom and bust? Create the right environment for sustainable growth and business
working with Radian – ERDF project The GESB Model The Value of networking – Dulas
presentation to Community Housing Cymru and Welsh Government
The “coalition of the willing”
7 RSLs agreed to undertake a pilot project to set up the Welsh RLGF based on FIT PV income £10k contribution and 100 roofs each Welsh Government Housing department provided revenue funding for feasibility Managed by Community Housing Cymru with full support of it’s Council GESB contracted to develop the business case
Welsh Revolving Guarantee Fund Model
•700 •£7
PV installations
Pvs in Homes
million loan RSLs
Guarantee fund
•5%
first loss guarantee Bank
•£300K
in guarantee fund
Welsh RLGF Progress to date with financiers – over 30 different institutions targeted and 2 offers Meetings
one from a charitable trust for the guarantee fund One from a bank- for the whole amount
Positive
reaction from European commission and a willingness to support the project – “it’s got legs…!”
Welsh RLGF- the challenges The
best rate we’ve been offered is 6%
Non secured off balance sheet – great for those with high gearing not so attractive to others
Targeting
Renewable energy teams and RSL business teams- do they talk to each other?
External
the right people in banks
factors – Eurozone and Greece
Led to the withdrawal of our main offer
The
PV FIT shambles
Welsh RLGF – where now? carry on – the model is sound and tested Learn from Eastern Europe – truer to that model- longer paybacks and a range of energy efficiency – cant rely on FIT RLGF can reach the parts and households that Green Deal and FIT won’t reach Rural areas off gas- cost of external wall insulations- and associated works Regeneration outcomes We
Empowered Procurement i2i’s Can Do Toolkits
www.whq.org.uk/i2i
Diolch yn fawr! Thank you! Dewi
Llwyd Evans Cymdeithas Tai Eryri Ty Silyn Penygroes Gwynedd LL54 6LY
[email protected] 01286 882453 I2i Can Do Toolkit • http://www.whq.org.uk/i2i/about_resources.php www.whq.org.uk/i2i
