London Borough of Hackney - LEEF

The senior debt facility supported the installation of communal heating networks across ten separate social housing high-rise blocks owned and managed by Hackney Homes (the Council’s social housing management provider).

The project addresses fuel poverty by replacing electrically heated systems with a more efficient gas alternative.

Project highlights included:

• Installation of a communal heating system in ten social housing blocks, providing significant fuel poverty alleviation 
• Procured via the Greater London Authority’s RENEW framework 
• Provision of energy to 1,500 social housing tenants; average energy bill reduced by 56% (£980) 
• Potential 40% carbon savings due to fuel switch 
• Private sector finance, from Npower, in the form of an Energy Company Obligation grant; for individual home works