Member Article

Gentoo welcomed to Green Deal Finance Company

North East housing association Gentoo has become the first social landlord member of the newly incorporated Green Deal Finance Company.

Gentoo will contribute towards the development of the not-for-profit organisation, operating at the core of its roll out, alongside the likes of British Gas, EDF Energy, Carillion and Newcastle City Council.

The Green Deal Finance Company has reached a significant milestone having incorporated, appointed a board of directors and extended its membership.

An industry-led consortium have incorporated the organisation, with the aim of delivering low cost financing that underpins the Green Deal plans that providers will offer households, to facilitate the installation of energy efficiency measures.

Gentoo aims to become a Green Deal Provider, and TGDFC provides the potential for low cost finance to fund its community based approach to the Green Deal.

The company has completed energy efficiency works across hundreds of homes, and is already working with a number of housing providers by offering their retrofit expertise in order to promote early adoption and delivery of the Green Deal.

Director of Gentoo Green, Sally Hancox MBE, has also been appointed to TGDFC steering
group and will help shape the Company from a social housing perspective. She added: “I am absolutely delighted Gentoo has been invited to become a member of The Green Deal Finance Company.

“The company will be absolutely central to the success of the Green Deal in providing low cost finance and encouraging high levels of uptake for a project that is vital in driving energy efficiency, reducing fuel poverty and maximising the wider health impact of warmer and more comfortable homes in the UK”.

Martin Callaghan, newly appointed Chairman of TGDFC, also said: “The success of The Green Deal Finance Company Limited will be a fundamental building block in the overall success of the Green Deal programme.

“By minimising the cost of finance to all future accredited Green Deal providers, it will create a highly competitive market that will compete on cost, reliability, lifespan and technology.

“It will maximise the measures that can be included within the Green Deal and for many potential providers will solve the question of where their finance will come from.”

This was posted in Bdaily's Members' News section by Tom Keighley .