Green Deal Assessments
The Green Deal is a government led scheme to help homeowners and landlords to invest in renewable energy or energy efficient products, by providing them with attractive finance which they could repay through their electricity bills.
Greenstone Finance and Aurium Capital Markets have aquired of the business and assets of the Green Deal Finance Company www.gdfc.co.uk as well as its existing loan book with a principal value in excess of £40m; the acquisition is being supported by Honey-comb Investment Trust which is managed by Pollen Street Capital.
First launched by the Government in 2013, the Green Deal was established to address the fact that the UK has some of the most thermally inef-ficient housing in Europe. Green Deal loans provide customers with accessible financing to improve their homes by installing energy efficiency products.
- In particular, Green Deal financing has the potential to help:
those who face the heavy costs of needing to install a new boiler or other essential measures but who can’t afford to pay the upfront costs of doing so;
- those who want to increase the value of their homes through installing renewable energy or energy efficiency measures;
- landlords requested by tenants to install energy efficiency improvements or, as of April 2018, landlords who own properties that fall be-low the new minimum energy efficiency (EPC) rating of E;
Green Deal loans not only offer competitive interest rates, but are more easily managed as loans are repaid as part of a customer’s energy bill, which will normally be reduced by the energy savings generated from the measure the loan has financed – a “Pay-As-You-Save” scheme. Furthermore, the loan remains with the property and is paid by the energy bill payer from time to time – ensuring the payments are made by the person who benefits from the energy saving.
Oakrun Partners Ltd comply with the Green Deal Code of Practice Version 5 issued by the Department for Business, Energy & Industrial Strategy.