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Retrofit and the Revolving Loan guarantee fund A Welsh perspective Dewi Llwyd Evans Community Initiatives Manager PowerPoint Presentation
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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

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Presentation Transcript
slide1
Retrofit and the

Revolving Loan guarantee fund

A Welsh perspective

Dewi Llwyd Evans

Community Initiatives Manager

slide2

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
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”

Ein Cenhadaeth Our Mission
cymdeithas tai eryri
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
Eithinog Pilot: Bangor

First social housing in Wales built to

Code Level 4

the arbed programme in wales
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
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
slide13

Insiwleiddio waliau allanol

External wall insulation

73

slide14

O dân glo….

From solid fuel….

….i bwmp gwres

….to air source heat pump

33

regeneration outcomes
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

slide17

Dylan Williams

Aelod o gweithlu CTE syddnawrgydaachrediad MCS iffitiopaneli solar

Part of the CTE workteam who now have MCS accreditation to fit solar panels

the journey to the rlgf
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
  • Dulas working with Radian – ERDF project
  • The GESB Model
  • The Value of networking –
    • presentation to Community Housing Cymru and Welsh Government
the coalition of the willing
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
Welsh Revolving Guarantee Fund Model

700 PV installations

£7 million loan

5% first loss guarantee

£300K in guarantee fund

Pvs in Homes

RSLs

Guarantee fund

Bank

welsh rlgf progress to date
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 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
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 the right people in banks
    • 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
  • The PV FIT shambles
welsh rlgf where now
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 won’t reach
  • Rural areas off gas- cost of external wall insulations- and associated works
  • Regeneration outcomes
diolch yn fawr thank you
Diolch yn fawr!Thank you!
  • Dewi Llwyd Evans
  • Cymdeithas Tai Eryri
  • Ty Silyn
  • Penygroes
  • Gwynedd LL54 6LY
  • dewi@taieryri.co.uk
  • 01286 882453
  • I2i Can Do Toolkit
      • http://www.whq.org.uk/i2i/about_resources.php

www.whq.org.uk/i2i