More than 1,000 homes across the UK are to benefit from efficient heating systems, thanks to a £5 million fund.
It is the Green Investment Bank’s (GIB) first investment in the nation’s social housing sector, which will see highly efficient heating systems fitted in up to 28 developments.
That includes a pilot scheme of seven completed biomass and gas boiler systems installed in the North West.
Bill Rogers, Managing Director at UK GIB said: “The project will bring cost savings, carbon savings and provide the social landlord with the practical benefits of outsourcing its energy arrangements. This is a model we’d like to see rolled out at scale across the rest of the UK.”
The boilers will be fitted externally to minimise disruption to residents by Boxed Energy Limited, a joint venture between Places for People and Fontenergy Construction Services.
