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

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

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

  2. 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

  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…..

  4. “Gwella Bywydau, Datblygu Cymunedau Cynaliadwy, Hybu’r Gymraeg” “Improving Lives, Developing Sustainable Communities, Promoting the Welsh Language” Ein Cenhadaeth Our Mission

  5. 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

  6. Eithinog Pilot: Bangor First social housing in Wales built to Code Level 4

  7. Trem y Mor, Trefor (‘retrofit’)

  8. Trem y Mor, Trefor (‘retrofit’)

  9. Trem y Mor, Trefor (‘retrofit’)

  10. 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

  11. 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

  12. PaneliPhotofoltaicSolar Photovoltaic 258

  13. Insiwleiddio waliau allanol External wall insulation 73

  14. O dân glo…. From solid fuel…. ….i bwmp gwres ….to air source heat pump 33

  15. Solar dŵrpoethSolar thermal 86

  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

  17. Dylan Williams Aelod o gweithlu CTE syddnawrgydaachrediad MCS iffitiopaneli solar Part of the CTE workteam who now have MCS accreditation to fit solar panels

  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 • Dulas working with Radian – ERDF project • The GESB Model • The Value of networking – • presentation to Community Housing Cymru and Welsh Government

  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 it’s Council • GESB contracted to develop the business case

  20. 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

  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 bank- for the whole amount • Positive reaction from European commission and a willingness to support the project – • “it’s got legs…!”

  22. 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

  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 won’t reach • Rural areas off gas- cost of external wall insulations- and associated works • Regeneration outcomes

  24. Empowered Procurementi2i’s Can Do Toolkits www.whq.org.uk/i2i

  25. 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

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