Twelve projects have been awarded funding via the Green Home Finance Accelerator programme, allowing households to access low-carbon technologies as part of various pilots.
The 12 projects receiving funding includes Chameleon Technology’s HTC-Up project, providing bespoke green loans and cashback rewards, and Heatio and E.ON’s optimised Energy-as-a-Service,
Lord Callanan, Minister for Energy Efficiency and Green Finance, said:
When energy bills reached record highs, we stepped in to lessen the burden on hardworking families across the country.
But we haven’t stopped there and these innovative projects will allow more families to save money and cut emissions.
We are always looking to test progressive ways to make energy saving measures more accessible and affordable, allowing people to make their homes greener and warmer.
Emma Harvey-Smith, Programme Director for the built environment at the Green Finance Institute, said:
Delivering a range of innovative and affordable financing solutions will help homeowners to make their homes more energy efficient, lowering bills and reducing emissions. Developing and piloting new green finance mechanisms to ensure they successfully support as wide a range of customers as possible, and unlock barriers to retrofit, will enable more energy efficiency home upgrades at pace and scale.
The GFI continues to play a central role in developing the market for financing a net zero and climate-resilient built environment across the UK and Europe, by catalysing finance markets to deliver on ambitious decarbonisation goals and driving real-economy impact.
The winning projects will operate until February 2025, implementing and testing their products with homeowners across the UK.
The full list of winning projects:
| Lead organisation | Project title | Grant value |
|---|---|---|
| Arniston Ltd (trading as Snugg) | Green Home Hub | £1,995,204.03 |
| Chameleon Technology (UK) Limited | HTC-Up | £795,131.42 |
| City Science Corporation Limited | BuytoLet Decarbonisation System | £1,517,988.27 |
| E.ON Energy Solutions Ltd | E.ON’s optimised Energy as a Service | £1,056,977.31 |
| Energy Saving Trust Enterprises Limited | Retrofit Proposition Toolkit | £829,204.02 |
| Living Places Earth Ltd | Built Environment Investment Analysis Service | £887,239.65 |
| Parity Projects | Project Empower | £699,610.00 |
| People Powered Retrofit Limited | A Credit Union One Stop Shop for Retrofit and Finance | £324,366.98 |
| Perenna Bank PLC | Perenna Retrofit Mortgage & HEMS | £888,465.25 |
| Scroll Finance Limited | Point-of-Sale Technology for Financing Retrofits and Energy Efficiency (POST-FREE) | £1,773,014.27 |
| Scroll Finance Limited | Green Line of Credit Embedded in Retrofit Services (GLOCERS Project) | £1,551,642.75 |
| Sunsave Group Ltd | The Electric Roof Project | £1,984,418.38 |
