Local Space has been awarded £919,000 by the Department of Energy Security and Net Zero as part of their Social Housing Decarbonisation Fund Wave 2.1. This funding will double the number of homes we planned to retrofit and upgrade to include around 100 more homes in East London.
Improvements will be made to Local Space homes that are most in need, and will include loft and wall installation, window and heating improvements as well as upgrades to lighting. These measures will improve the energy performance of customers’ homes and reduce their energy consumption, which should mean reduced energy bills.
Mark Kent, Operations Director at Local Space, said:
“At Local Space, we share the government’s ambition to make homes as environmentally friendly and cheap to run as possible. We are making great strides in decarbonising our properties and providing more sustainable homes for our present and future customers. This funding will enable us to make our homes warmer and more energy efficient, making a real difference to the lives of those who live in them.”
Lord Callanan, Minister for Energy Efficiency and Green Finance, said:
“This investment will help thousands of households to heat their homes for less, keep them warm for longer and could save hundreds on their annual energy bill.
“The green energy sector is growing, and this funding will support green jobs and provide the training needed to deliver these vital upgrades to homes.”
Local Space launched its Carbon Reduction Strategy in 2022 which aims to improve the energy efficiency of our homes to EPC rating C by 2030 and achieve carbon neutrality by 2050, improving thermal efficiency, reducing the overall energy required to run the homes and increasing levels of disposable income for our customers.
Local Space plans to invest £1m plus any grant funding we secure towards this work between now and 2030. The recent award of almost £1m in grant funding will see our programme of work for 2023 double in size meaning more homes will be made more energy efficient sooner.