RCS - Boston Mayflower Fin - Lincolnshire homes benefit from insulation upgrade

E ON SEAnnouncement

25/10/2023 13:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231025:nRSY2887Ra&default-theme=true

RNS Number : 2887R  Boston Mayflower Finance PLC  25 October 2023

More than 700 Lincolnshire Housing Partnership homes set to benefit from lower
energy bills and more comfortable homes thanks to major insulation upgrade
scheme

Residents at the Reed Mere estate in Immingham and the Willows estate in
Grimsby are set to benefit from lower energy bills and more comfortable homes
thanks to external wall insulation (EWI) funded by the Social Housing
Decarbonisation Fund (SHDF) and Lincolnshire Housing Partnership
(https://www.lincolnshirehp.com/) (LHP).

The project will be managed and delivered by energy and solutions provider
E.ON (http://www.eonenergy.com/) , with Gateshead-based Thrift Energy
(https://thriftenergy.co.uk/) , an experienced installer of energy saving
retrofit improvements.

Installations begin on the first homes in Immingham this month as phase 1
starts on site, with up to 291 Reed Mere estate properties scheduled for
completion by the end of March 2024. The EWI improvements for up to 733
properties across both estates will be completed by the end of March 2025.

The project marks a commitment from LHP to help tackle fuel poverty amongst
residents by reducing the amount of heating they require. The EWI installation
will help to prevent heat loss through the walls of each property, driving
down bills for residents. All properties will also receive ventilation
upgrades, further increasing the comfort of the home whilst reducing risks
associated with poor air quality, damp, and mould growth. In addition to
providing a warmer and more energy efficient living environment, the
improvements will also reduce carbon emissions, and all work will be carried
out by Thrift Energy's experienced teams while residents remain able to stay
in their homes.

Daniel Wyer, Corporate Head of Asset Management at Lincolnshire Housing
Partnership explains: "The SHDF was made available to improve social housing
properties currently below Energy Performance Certificate (EPC) rating 'C' to
bring homes up to that standard. We were successful in securing a share of the
up to £800 million allocated by the government to support the installation of
energy performance measures in social homes in England and are now working
with E.ON and Thrift Energy to improve up to 733 local homes.

"The improvements will not only help reduce bills for our residents; they will
also help enhance health and wellbeing by enabling residents to use their
heating when they need to and enjoy a warmer, more comfortable home. The
project will also provide aesthetic improvements, giving the estates a
refreshed look."

The Reed Mere and Willows projects are two of over 30 sites that E.ON will
deliver for social housing clients across the UK until 2025 supporting SHDF
programs, as E.ON continues to be market leader for green funding delivery
with a demonstrable track record successful programme delivery.

Sarah Farmer, Director of Residential Solutions at E.ON UK, said: "We are
committed to helping people cut their energy use and costs while also taking
action to tackle the climate crisis. Insulation is fundamental in helping
improve the fabric of our nation's homes, enabling people to stay warm and
well while also helping to bring down energy use and bills. This project has
been a real team effort and we are excited to begin the process of
transforming hundreds of local homes."

EWI involves wrapping each property's exterior walls in a layer of insulation,
which improves thermal performance by increasing airtightness and reducing
heat loss. Working on behalf of E.ON, Thrift Energy - a finalist in the
National Energy Efficiency Awards Insulation & Fabric Installer category
with more than a decade's experience of EWI projects - has an experienced team
ready to start the project.

Thrift Energy's Commercial Director, Josh Raffo comments: "We have installed
EWI improvements for 588 properties in the past year alone, many of them on
behalf of E.ON, as part of the first phase of SHDF, but this is by far the
largest project we have been involved with.

"Our teams will work closely with LHP and E.ON to ensure that residents are
fully aware of the programme and the timetable for work on their property, as
well as providing information on EWI, how it is installed and what it will
mean for their home. We will provide a complete service, including all
scaffolding, installation and finishes, ensuring residents benefit from a home
that is warmer, cheaper to run and looks great."

In the past two years, E.ON has successfully delivered more than 80 energy
improvement projects, installing over 11,000 energy efficiency measures into
homes, including nine successful phase 1 SHDF programs. According to figures
from the Energy Saving Trust, this activity has led to a reduction of more
than 12,000 tonnes of CO2 for households nationally, supporting the UK Net
Zero target on decarbonising homes.

-Ends-

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAMABBTMTJTBIJ