Retrofit and the Revolving Loan guarantee fund A Welsh
perspective Dewi Llwyd Evans Community Initiatives Manager
Slide 2
Cymdeithas Tai Eryris 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
Slide 3
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..
Slide 4
Ein Cenhadaeth Our Mission Gwella Bywydau, Datblygu Cymunedau
Cynaliadwy, Hybur Gymraeg Improving Lives, Developing Sustainable
Communities, Promoting the Welsh Language
Slide 5
Cymdeithas Tai Eryri Social economy business with 1800
properties across Anglesey and Gwynedd Social economy business with
1800 properties across Anglesey and Gwynedd Reducing Carbon theme
in our Corporate plan Reducing Carbon theme in our Corporate plan
Measuring our ecological footprint: operations, housing, tenants
Measuring our ecological footprint: operations, housing, tenants
Pilot Schemes on new build and retrofit Pilot Schemes on new build
and retrofit Board Commitment Board Commitment 2m retrofit
investment 2m retrofit investment 12m to reach Welsh Housing
Quality Standard 12m to reach Welsh Housing Quality Standard
Slide 6
Eithinog Pilot: Bangor First social housing in Wales built to
Code Level 4
Slide 7
Trem y Mor, Trefor (retrofit)
Slide 8
Slide 9
Slide 10
The ARBED Programme in Wales An integrated approach to retrofit
Reducing climate change Reducing climate change Eradicating fuel
poverty Eradicating fuel poverty Economic development &
regeneration Economic development & regeneration Solar PV,
solar thermal, Wall insulation, Heat pumps installations targeted
to regeneration areas 30m available to social landlords
Slide 11
CTEs 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
O dn glo. From solid fuel. .i bwmp gwres .to air source heat
pump 33
Slide 15
Solar dr poeth Solar thermal 86
Slide 16
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
Slide 17
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
Slide 18
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 how to avoid boom and bust? Create
the right environment for sustainable growth and business Dulas
working with Radian ERDF project The GESB Model The Value of
networking presentation to Community Housing Cymru and Welsh
Government presentation to Community Housing Cymru and Welsh
Government
Slide 19
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 its Council GESB contracted to
develop the business case
Slide 20
Welsh Revolving Guarantee Fund Model Pvs in Homes Guarantee
fund RSLs Bank 700 PV installations 700 PV installations 7 million
loan 7 million loan 5% first loss guarantee 5% first loss guarantee
300K in guarantee fund 300K in guarantee fund
Slide 21
Welsh RLGF Progress to date Meetings with financiers over 30
different institutions targeted and 2 offers one from a charitable
trust for the guarantee fund one from a charitable trust for the
guarantee fund One from a bank- for the whole amount One from a
bank- for the whole amount Positive reaction from European
commission and a willingness to support the project its got
legs!
Slide 22
Welsh RLGF- the challenges The best rate weve been offered is
6% Non secured off balance sheet great for those with high gearing
not so attractive to others Non secured off balance sheet great for
those with high gearing not so attractive to others Targeting the
right people in banks Renewable energy teams and RSL business
teams- do they talk to each other? Renewable energy teams and RSL
business teams- do they talk to each other? External factors
Eurozone and Greece Led to the withdrawal of our main offer Led to
the withdrawal of our main offer The PV FIT shambles
Slide 23
Welsh RLGF where now? We 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 wont reach Rural areas
off gas- cost of external wall insulations- and associated works
Regeneration outcomes
Slide 24
Empowered Procurement i2is Can Do Toolkits
www.whq.org.uk/i2i
Slide 25
Diolch yn fawr! Thank you! Dewi Llwyd Evans Cymdeithas Tai
Eryri Ty Silyn Penygroes Gwynedd LL54 6LY [email protected][email protected] 01286 882453 I2i Can Do Toolkit
http://www.whq.org.uk/i2i/about_resources.phphttp://www.whq.org.uk/i2i/about_resources.php
www.whq.org.uk/i2i
