Riverside is set to make thousands of homes warmer and greener with a £72 million investment.
The company has announced that following a successful Warm Homes: Social Housing Funding (Wave 3) bid, it will to be able to deliver energy efficiency upgrades to over 3000 homes.
Riverside was awarded £36 million of government grant funding and will match fund this amount, doubling the total investment to around to £72m. This will scale up Riverside’s retrofit activities and help contribute towards the goal of Net Zero. It will mean warmer and more energy efficient homes for customers and will also create new skilled jobs in a growth area.
The goal is to improve the energy efficiency of homes to Energy Performance Certificate (EPC) Band C through measures such as cavity wall insulation, external wall insulation, double glazing and new doors.
Riverside has already delivered energy efficiency improvements to more than 1,000 homes through a £26 million project in Carlisle, Halton, Liverpool and London under Wave 2.1 and this new funding will have a huge impact on many more customers.
Riverside has built in-house expertise and dedicated teams who will deliver this project and will use a data led approach to target the houses most in need.
Executive director of assets at Riverside, Ian Gregg said: “This is a significant investment in our properties which is hugely positive for our most in need customers and will undoubtedly improve their lives. We have already seen the transformation energy efficiency measures have made to residents in 1000 of our homes under the last wave of funding.
“Riverside is committed to making sure all our homes are warm, comfortable and sustainable and to helping eliminate fuel poverty. We are excited to be able to scale up our work on this and deliver real benefits to our residents.”
The works will start in April 2025 and projects are anticipated to take three years to complete.
