Beyond subsidies - alternative funding mechanisms for retrofit
Lack of finance should not be a barrier if a retrofit makes economic sense says financial consultant Christoph Harwood of Marksman Consulting
Report from – Damien Carr
Last year’s scrapping of the troubled Green Deal finance incentive for investing in energy efficiency measures threw into sharp focus the wider issue funding. But the planning and delivery of refurbishment projects is equally problematic - put simply, refurbishment can be a very expensive nightmare.
Which is why Retrofit4Change brought together building owners, valuers, architects and contractors, Retrofit4Change to discuss the funding and value of energy efficiency as well as the efficient delivery of projects through better design, collaboration and innovation.
Kicking off the finance session, Harwood, who previously worked at UBS and McKinsey, talked about the different types of finance available to consumers following the end of the Green Deal Finance Company.
“Look at the world of finance, it’s out there – if you want finance for a car or a sofa, or a conservatory or a mortgage, finance is available,” says Harwood. “The question is do people want to do energy efficiency, it’s not ‘is finance available?”