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4 elements to unlock grants for your carbon obligations

4 elements to unlock grants for your carbon obligations

carbon obligations grants

As a housing provider, you are aware of programmes such as CERT, CESP, HHCRO, HEEPS, NEEPS, SEEPS, REEPS, EEC, EESH, ECO and GD and you will have heard of DECC, EST, OFGEM, BG, SSE, EON, SAVA and the CT.

For the lay person, these are meaningless acronyms but for the professional like you they are the essential grant funding schemes helping you to deliver your carbon obligations.

Grant schemes for carbon obligations: The view from the energy advice providers

The last five years has seen major companies and SMEs go into administration trying their best to gear up to service the industry only to find the rug pulled from under them as the utilities companies shift focus to deliver their carbon obligations:  from cavity and loft insulation, to boilers, to external wall insulation and possibly back to cavity insulation again.

For these companies, treading through grant schemes is like “tight rope walking in two tonne shoes” as Chris Cornell’s song goes.  One false move and the company goes under. Focus on something hot right now and next month something else will be the new flavour. It is impossible to gear up for something that is fluid. The demise of the Mark Group and Climate Energy is a sad example of companies dependent upon regulations to survive.

The winning formula to access grants to deliver your carbon obligations

Yet, there are still vast sums of money available through grants to help housing providers save on their energy performance which in turn help people save money.

To unlock these grants, you need 4 elements:

  1. Be aware of the legislation.
  2. Truly understand the state of your housing stock today.
  3. Have your housing stock data ready to react to whichever way the energy wind blows.
  4. Road map a savings journey to logically make the most of the funding and address your priority challenges.

Carbon obligations: Meeting your requirements

For far too long the local authority and housing associations sector has been doing their best Oliver Twist impression and going cap in hand to the utility companies asking for more. For you as housing manager, the result is that you get whatever these companies are willing to give. Things that meet their agenda, not necessarily things that best meet your requirements.

If you get your data in good shape and can react quickly to the shifting demands of legislation then you will find the utility companies and contractors line up to help you. Your in-depth knowledge and understanding of your assets will make it easy for them to deploy their budgets and meet their targets. Knowledge will always be power.

You can join the many local authorities and housing associations that have their 4 components worked out in that magic formula and accessing funding to make a real difference to their housing stock and their tenants’ lives. They are using powerful software tools that IRT surveys have developed to manipulate their housing stock data and combine it with the latest legislation obligations.

To find out more about how these tools can help you ease the strain, contact us by clicking on the button below.

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5 signs it’s time for your asset portfolio audit

5 signs it’s time for your asset portfolio audit

asset portfolio audit

As an asset portfolio manager, you are responsible for millions of pounds worth of bricks and mortar. Your reputation dictates that you need to be fully aware of the value of the assets you are managing so that you can advise your clients on the best course of action for their investment. Here are 5 signs that it is time for you to commission an asset portfolio audit:

1. Time for your asset portfolio audit: You don’t trust the data you have.

In order to make good decisions you must be in possession of the facts. Don’t charge into battle until you are armed and you know exactly what you are up against. Too often businesses are almost forced, coerced or misled to carry out works that simply aren’t required by a corporate version of a dodgy tradesman sucking his teeth and saying ‘x’ when actually ‘y’ would be better and cheaper. If you are being asked to embark upon a major capital programme but aren’t given the resources and tools to deliver results without risk, think again. Abraham Lincoln once famously said, “Give me six hours to chop down a tree and I will spend the first four sharpening the axe”. Don’t rush headlong down a path without truly exploring the data and ensuring it is honest, trustworthy accurate and above all – impartial. In another word, plan well first  with valuable data.

2. Time for your asset portfolio audit: You have a merger looming.

Merging portfolios, merging businesses: It is coming to you and you are about to inherit the motherload of problems. Is their data accurate? Is it better than yours? Will they use your lack of knowledge to beat your price down? Or exploit your lack of understanding of their data to drive their value up. Due diligence is a part of life. Do it better than the other party and you stand a good chance of leaving the room standing tall and confident in your decision. Who knows, you might dodge a bullet and walk away unscathed. Ask Royal Bank of Scotland about their due diligence process on the purchase of Dutch Bank. They did not have one and it almost bankrupt them.

3. Time for your asset portfolio audit: Your client wishes to dispose of their assets.

At some point your client will want to sell on a property or two, maybe even their whole portfolio. What do you advise them? Which ones do you sell? Nothing short of an in-depth understanding of every facet of that portfolio is good enough. Your client is paying for professional advice: you need to be confident that you know their portfolio inside out without any nasty surprises  and that the information you have at your fingertips is up to the minute to provide accurate advice to the best of your knowledge. You must become an asset management Jedi with a crystal ball.

4. Time for your asset portfolio audit: Brexit impact

2016 has brought a fresh challenge for the property world. We have witnessed the Brexit vote result. Now there are talks of a possible Clexit, where Britain bows out of all the climate change targets. This will trigger yet more unwelcome uncertainty. We all saw the effect the Brexit vote had on share prices and the unprecedented action taken by the likes of Aberdeen Asset Management. Investors like bricks and mortar for the long term stable nature of something physical. Brexit and Clexit are speeding things up to say the least. The risks and their impact are very real. Of course the market will recover, but the long term effect of the likelihood of sudden and dramatic risk is toxic for us all. Yet here we are. The world is still turning and people still want to invest and make decent returns. Brexit didn’t bring about a revolution overnight. If you are currently trying to dispose of a portfolio, you may consider putting it on the back burner for a while and instead use the time to ensure your portfolio is the very best it can be and use technology to increase the assets value.

5. Time for your asset portfolio audit: Legislation presents a risk.

As mentioned above, legislation is so fluid at the moment it represents a credible risk to the market. Remember ESOS? Ever even heard of it? 12 months after Energy Saving Opportunity Surveys were introduced and implemented by the brave few, they were abandoned. What a waste of money for all parties. Will MEES / MEPS go the same way? (Minimum Energy Efficiency Standard and Minimum Energy Performance Standard) Same thing two different names. They are major pieces of legislation with Royal Assent that say you can’t sell rent or lease a building with an F or G rating. It is estimated that 31% of the built environment falls into that space. (Source WSP on Aberdeen Asset Management’s portfolio).

I can tell you first hand from three of our clients their thoughts:

One said: “we need to provide professional advice, this is of grave concern we must deliver rapid cost effective energy audits at scale to satisfy our client’s needs”.
Another client said the exact opposite: “the legislation won’t come. If it does it will morph into something else, I am not advising my clients spend needlessly when I have no faith in the government following through”.
A third client literally took me to a 30-storey building erected in the 1960s with uninsulated roof, concrete precast modular walls, single glazed, original heating system etc. He then proceeded to show me the £250 EPC certificate boasting about his C rating.

Why invest millions when a £250 piece of paper will suffice?

If you are seeing one or all of the above signs, help is at hand. Today, rapid portfolio evaluation and impartial, solution-independent advice is a phone call away. Technology has progressed to the point where infrared images can be quantified, data augmented and calculations carried out by sophisticated algorithms – all for much less than you might think. Drones and software advances have meant surveying is easier, reporting online and the deliverable all dynamic and interactive. Experts are being replaced by sliders and speedos on dashboards. Simulations that were once a black art practiced by experts only are now child’s play. If you can catch a Pikachu you can conduct an energy audit on a portfolio.

Are you seeing the signs? Then please do contact us to discuss your requirements by clicking on the button below.

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Infrared energy audit: 5 reasons to have it done

Infrared energy audit: 5 reasons to have it done

Hand with fingers showing 5 energy colours

Infrared technology is now being used by many major players in the built environment such as Housing Associations, Health Trusts, Local Authorities and Building Surveyors to reveal their assets inefficiencies and take meaningful decisions. You may have heard of it but you are not sure if it is for your building project.

Here are 5 reasons why it is time you considered using infrared technology to bring a visible and clear dimension to what you want to do.

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