Sheltered housing complexes to be equipped with energy efficient heating systems
Thu 23 Apr 2015
New energy efficient heating systems are to be installed in sheltered housing across the country.
The UK Green Investment Bank (GIB) and Equitix are putting £5 million towards the project, which should benefit around 1,100 homes run by Places for People.
This is the first time that GIB has invested in the social housing sector and will begin with a pilot at seven sites in north-west England.
David Cowans, chief executive of Places for People, has hailed this as "great news" for its customers, as the installation of energy efficient boilers will enable them to save money on their fuel bills.
He said Places for People has been "at the forefront of bringing innovative solutions to the housing and regeneration sectors". As a result, it is especially pleased to be involved in the GIB's very first investment in the UK's social housing sector.
Bill Rogers, managing director of the GIB, added that it is happy to support Places for People's efforts to improve the energy efficiency of its housing stock.
He stated that the project will generate both financial and carbon savings, as well as provide the social landlord with the "practical benefits of outsourcing its energy arrangements".
Mr Rogers is therefore keen to see this operating model rolled out on a much wider scale across the country in the coming years.
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