GB Bank is targeting £3bn of lending over the next five years and building a £1bn-plus balance sheet, according to chief lending officer Neil Williams.

The bank is gearing up to officially open in Q3 2022, once it receives its full banking licence without restrictions from the FCA and PRA.

It plans to enter the market with a competitive property development product, with accessible and bespoke loans.

“We will initially provide property development finance for both residential and commercial schemes, typically up to 24 months in duration, but we will consider longer terms where appropriate,” said Neil.

GB Bank will start off by offering development finance loans of between £500,00 and £5m, but will increase the maximum loan size as it grows.

In addition, Neil said the Teesside-based bank is looking to offer additional products and services that meet property developers’ various needs, including buying their next site before the one they are working on is complete.

Investment mortgages for completed residential and commercial properties are also on the list of services borrowers can look forward to receiving from the bank.

Having received its authorisation with restrictions licence from the FCA and PRA in October 2021, GB Bank has ambitions to finance almost 20,000 homes and several million square feet of office space, supporting the creation of over 100,000 jobs, according to Neil.

Filling the gaps

An authentic relationship approach and the provision of flexible lending structures still seem to be lacking in the development finance industry, believes Neil.

“With [many] lending decisions not being local and lending policies sometimes being rigid, developers are often all treated the same.

“It is not unusual to hear of relationship managers of other funders travelling 100-plus miles to undertake a transaction and then drive home. This feels more like commoditised lending vs a local relationship-led one which GB Bank’s will be.”

With the company’s relationship managers based locally, customers can expect a quick and convenient service and more traditional methods of communicating.

 

Source: Development Finance Today

Dozens of boreholes to be drilled around the Palace of Westminster as surveying gathers pace for essential restoration

Experts will dig 23 boreholes, with some reaching up to 70 metres in depth, to assess ground conditions around the Palace of Westminster to inform decisions about essential restoration work to preserve the 150-year-old building.

The boreholes are part of an extensive programme of building investigations commissioned today by the Houses of Parliament Restoration and Renewal Programme. Survey contracts worth over £4m in total were awarded to seven companies.

Archaeologists will be on-site for each of the 23 holes to record any finds of historical significance. Previous ground investigations in recent decades have uncovered a centuries-old sword and buried fragments of King Henry III’s high table.

Elsewhere, 160 rooms across Parliament will be inspected by surveyors who will lift up floorboards, sensitively drill into walls and remove ceiling panels to look at a range of issues such as wall cavities, the material makeup of the building and the weight-bearing of historic flooring. Specialist teams will continue to inspect the hundreds of miles of interconnected power cables, gas, water and heating pipes as well as outdated water and sewerage systems.

Small to medium sized businesses are expected to benefit in particular from the latest contract awards, with five out of the seven contract winners being classed as SMEs. The various surveys are planned to begin from July 2022 and will continue over the next 12-18 months.

 David Goldstone, CEO of the Houses of Parliament Restoration and Renewal Delivery Authority, said: 

“Our experts are carrying out the most detailed ever surveys of the Palace of Westminster, which will be critical to informing decisions about the essential restoration to preserve our historic Parliament buildings.

The Restoration and Renewal Programme is carrying out tens of thousands of hours of complex building surveys and investigations needed to inform future decisions on the essential restoration work.

Since January, restoration and renewal programme teams have examined 2,089 spaces across the Palace of Westminster.  Surveys conducted throughout the last Parliamentary recesses included a thermographic study of heat loss from the building, examination of room spaces, and studying conditions just under the surface of the ground to measure tree roots and other obstructions which could impair restoration works.

In March, the Commissions of both Houses of Parliament met to discuss the future of the Restoration and Renewal Programme, following concerns over the emerging costs and timescales of the existing approach, and programme governance. They made a united commitment to preserving the Palace, and agreed to seek independent advice and assurance on the new approach to the works, as well as on proposals to take forward the Commissions’ decisions to replace the Sponsor Body. They also asked the Delivery Authority to place a high priority on continuing with the already planned programme of intrusive surveys, and other necessary work to inform future decisions, as swiftly as possible.

A revised mandate for the works and changes to the sponsorship function will be sought from the two Houses, which is currently planned to take place before the summer recess.

The first seven winning contractors include:

SupplierContract value
AECOM Ltd

Air Quality

£83,000
Concept Engineering Consultants Ltd

Ground Investigation

£937,000
Alan Conisbee & Associates

Building Intrusive Surveys

£268,000
Museum of London Archaeology

Archaeology

£184,000
DBR (London) Ltd

General Contractor

£903,000
Ductclean T/A DCUK FM

Asbestos Surveys

£233,000
Instrumentation & Monitoring

James Fisher Strainstall

£1.63m

CIPS (Chartered Institue of Procurement and Supply)

Weakest Rise in residential work for two years holds back construction sector during May

May PMI® data signalled another growth slowdown in the construction sector amid a considerable loss of momentum for the residential category. The latest rise in housing activity was the weakest since the recovery began two years ago. Survey respondents suggested the subdued consumer confidence and worries about the economic outlook had constrained demand.

Higher borrowing costs and intense inflationary pressures were also cited as factors likely to hold back growth over the next 12 months. The latest survey data indicated that business activity expectations at construction companies were the least upbeat since August 2020.

The headline S&P Global / CIPS UK Construction Purchasing Managers’ Index® (PMI®) – which measures month-on-month changes in total industry activity – registered 56.4 in May, down from 58.2 in April and the lowest reading for four months.

Weaker trends in the house building sub-sector were the main brake on growth, with this index falling to 50.7 from 53.8 in April. Moreover, the latest reading signalled the worst performance for residential work since May 2020.

Commercial building was the fastest-growing segment in May (index at 59.8), with the speed of expansion easing only slightly since April. Construction companies noted strong demand for commercial work, despite a degree of hesitancy due to the uncertain economic outlook.

Meanwhile, civil engineering activity increased for the fifth month running and at a robust pace (index at 55.5) amid a sustained boost from major infrastructure projects.

Total new orders expanded again in May, which marked two years of continuous sales growth in the construction sector. That said, the latest increase in new work was the slowest since December 2021.

Job creation accelerated slightly in May and was the strongest for four months. Survey respondents typically cited efforts to boost capacity and meet rising customer demand. There were again widespread reports citing recruitment difficulties due to shortages of suitably skilled candidates.

May data highlighted strong demand for construction products and materials, as signalled by a steep and accelerated rise in total purchasing volumes. Efforts to replenish stocks and pre-purchase ahead of price rises also contributed to higher purchasing activity in May, according to survey respondents.

There were positive signals for supplier performance in May, as delays were the least widespread since February 2020. Some firms noted an improvement in the availability of construction items, despite ongoing challenges including logistics bottlenecks, Brexit trade frictions and supplier staff shortages.

Rapid cost inflation persisted in May, with the vast majority of survey respondents (73%) reporting a rise in purchasing prices. This was linked to rising fuel, energy and raw material costs. That said, the overall rate of inflation eased to a three-month low.

The number of construction firms predicting an increase in business activity during the year ahead (46%) continued to exceed those expecting a decline (19%) by some margin. However, the resulting index measuring overall growth expectations across the construction sector signalled the weakest degree of optimism since August 2020.

Construction companies suggested that lower consumer confidence, rising borrowing costs and heightened economic uncertainty were all likely to act as headwinds to client demand in the next 12 months.

 

Comments on latest ONS (Office for National Statistics) report

While latest ONS figures show that job vacancies grew in the first quarter of this year, recent data indicates that vacancies in building and construction are beginning to slow, with figures dropping 56% between March and April 2022. With application numbers also continuing to decline, these statistics suggest that the lack of resources across the UK is impacting job growth across the sector. That’s according to the latest data from the world’s largest network of job boards, Broadbean Technology.

According to the statistics, the building and construction sector saw an even more concerning fall in the number of people applying for roles, with decreases of 75% between March and April, and 76% when comparing April 2022 with the same month last year. While this is cause for concern, it’s perhaps unsurprising given the widely documented skills shortages reported in the sector.

Alex Fourlis, Managing Director at Broadbean Technology commented:

“The UK’s skills crisis is continuing to be a focal issue for the building and construction sector, and for good reason given that applications are dropping at a concerning rate. With a combination of Brexit and Covid accelerating our need for talent in the sector, vacancies have been on a constant upwards trajectory up until now, but there are simply not enough candidates to match this demand. Given the dearth of available resources, there’s a high chance that this drop in new vacancies is simply a sign that businesses cannot fill jobs they’ve had open for some time and are unlikely to add any more roles if they cannot meet the current operational needs.”

“For employers, now is a critical time. Businesses need to rebuild and nurture dwindling talent pools, utilise innovative technology and maximise partnerships with external talent suppliers in order to find the resources that are needed. Difficult times are ahead for the UK economy, and we need a recruitment market that can best support economic growth.”

Right to Buy was one of the most transformative policies of the 20th century, making the dream of home ownership a reality for millions. Since its introduction in the 1980s, approximately 4.5 million social tenants took up the opportunity to buy their homes from the state. But the numbers have fallen off a cliff, hitting a low of 9,319 in 2020/21.

The collapse of Right to Buy is one of the reasons Britain now has the fifth lowest homeownership rate in Europe, alongside other long-term issues highlighted in the CPS’s work, such as lack of supply and restrictions on first-time buyer mortgages. Yet ownership remains overwhelmingly popular.

 

A major new Centre for Policy Studies paper, published today, welcomes the Government’s reported commitment to restoring the Right to Buy to the two million housing association households currently denied a chance to own. It also sets out the scale of the discrimination within the benefits system against low-income owners as opposed to renters.

 

The report, ‘The Right to Own’, by former No 10 housing advisor Alex Morton, demolishes many of the myths that have grown up around the Right to Buy. It shows that waiting lists for social housing actually fell when the policy was most popular. It shows that rather than having sold off too much social housing, we still have the fourth highest stock in Europe. And it explains that rather than costing the Government money, the policy delivers long-term savings for the Treasury of around £140,000 per house sold, largely due to the reduced cost of housing benefit when someone becomes an owner.

 

It also shows that the benefit system is fundamentally biased towards keeping people as tenants rather than owners, with CPS calculations finding that just 2.3p is spent on incentivising ownership among low and middle earners for every pound that subsidises renting. It calls for this imbalance to be redressed by making the benefit system as tenure neutral as possible.

 

While the CPS welcomes the Government’s commitment to extending home ownership, it argues that it should go further than just extending the existing Right to Buy by revamping it in the form of a new Right to Own. Under the proposal, tenants would obtain a mortgage worth 60% of the value of their home – which would be paid off in payments that rise at the same rates as social rents do each year. Like any other buyer, once this ends the property is owned outright however, effectively at a 40% discount, mirroring the Right to Buy discount but at a lower rate. In an emergency such as a loss of employment, the tenant would be able to access the equity they had built up, providing a cushion for them.

 

In other words, today’s proposal would provide tenants greater security, with every rental payment increasing the tenant’s share of ownership – but still leaving them better protected in the event of financial shocks or unexpected costs.

 

The paper shows how the revenue from these sales, plus the sale of high-value council homes as they become vacant, could be used to fund the construction of a new wave of affordable social housing – expanding home ownership and the housing stock at the same time.

 

Alex Morton, Head of Policy at the CPS, said:

 

“The Right to Buy was one of the most transformative policies of the 20th century, moving millions of people into home ownership. Many of the arguments made against the policy since do not stack up. The Government would be right to extend the policy to housing associations to take the opportunity to place greater ownership at the heart of its levelling up agenda, and deliver on the commitments made in the 2015 and 2019 Conservative manifestos.

 

“Longer term, the Government can not only revive the Right to Buy but fully reinvent it for the 21st century by implementing a Right to Own. This would put rocket boosters under home ownership rates whilst protecting tenants and the state coffers.”

 

 

Robert Colvile, Director of the CPS, said:

 

“The Government’s commitment to home ownership, and to the Right to Buy, is hugely welcome. Our report argues that restoring the Right to Buy to housing association tenants, as widely reported, will be hugely welcome – and demolishes many of the left-wing myths surrounding the Right to Buy.

 

“However, we also urge the Government to go further in boosting ownership among tenants of all tenures, for example by turning the existing Right to Buy into a new Right to Own, and incentivising private sector landlords to sell to their tenants, as proposed in previous CPS work.”

Our online habits have a surprising impact on climate change: according to the Global Carbon Project, if the Internet were a Country, it would rank 4th in the world by CO2 emissions.

FAANG companies CO2 emissions in 2020 compared with the emissions of whole countries.

Karma Metrix latest research unpacks sustainability KPI of 5 tech giants Facebook, Amazon, Apple, Netflix and Google (FANG). The data shows that FAANG companies emitted 98.7 million tons of CO2, more than the entire Czech Republic (92.1 million) in one year, with an aggregate increase in total emissions of 17% from 2018 to 2020. Some of these tech firms are showing positive signs of CO2 reduction, thanks to the increasing datacenter efficiency and use of renewable energy.

Regarding energy consumption, 5 companies consumed 49.7 million MWh almost like Romania (50 million) and more than Portugal and Greece. From 2018 to 2020 the yearly energy consumption of the 5 firms tripled, going from 16.6 to 49.7 million MWh.

“Digital sustainability is a priority in corporate green transformation: planting trees and buying carbon credits is not enough to face climate change in time, we need to switch on our ‘saving mindset!’ Some technology giants understand it and are taking action to improve technical efficiency and energy saving in their technology assets,” comments Ale Agostini, founder of the Swiss project Karma Metrix. “All companies that are moving to digital transformation should solve the problem at the root by measuring emissions from digital and taking real actions to contain them. We need to raise awareness that, by saving energy, digital assets will emit less CO2, save money and help climate change.”

 

Every website consumes energy and emits CO2. Karmametrix.com is the cutting-edge tool that measures how eco-sustainable a website is by calculating and improving its CO2 emissions. You can check how environmentally conscious is your corporate website by using this free trial:

CLICK HERE

 

For every tech giant under consideration, the research analysed the ESG Sustainability reports published in the last 3 years, extracting data and insights about energy consumption and CO2 emissions. Download the whole study here or at this link: https://t.ly/5hJx.

June 7th 2022  – 1:00 PM – 2:00 PM

 

Rising damp is a serious problem, but it is often misdiagnosed. Whereas penetrating damp can have multiple causes, rising damp only occurs when groundwater rises up through absorbent bricks and mortar. Rising occurs almost exclusively in old buildings, where existing damp-proof courses have failed or are absent entirely.

Upskill yourself with detailed insights into the causes of rising damp and the modern treatments available to stop and prevent it. Get to grips with related hygroscopic moisture problems. Understand rising damp problems throughout a historical and worldwide lens.

Catch this unmissable free CPD Webinar at 1 – 2 PM on Tuesday 7th June. It is fully approved by the Royal Institute of British Architects and counts towards annual CPD obligations.

CLICK HERE

The UK’s leading wood-based panel manufacturer West Fraser (formerly known as Norbord) is offering customers the chance to win some amazing prizes.

 

 

 

Customers spending as little as £25 on SterlingOSB Zero, CaberFloor P5, CaberDek, CaberShieldPlus or CaberWood MDF at participating builders’ merchants’* can gain entry to the monthly prize draw for a chance to win great prizes.  The more you buy, the more chances to win!  Participants just need to purchase products and upload a receipt at the West Fraser Rewards website https://www.westfraserrewards.co.uk/ between June and November.  Among the top-branded prizes on offer are a Lay-Z-spa, a Karcher pressure washer and a Samsung TV. Each month will see a different selection of prizes and there’s even a chance to be entered into the November draw to win a brand-new Mercedes van!

 

 

 

* a full list of participating merchants and full terms and conditions can be found at https://www.westfraserrewards.co.uk/

When we watch movies, we witness characters moving and acting in enthralling environments, carefully selected or created to evoke the beautiful, the horrifying, the majestic. Designers and architects, on the other hand, watch films a little differently; they tend to be interested in how the background themes interact with the main theme through the film’s architectural layers. They start to notice and study the language and personality of all the structures depicted in these films and understand their role in crafting an evocative environment. Building Specifier editor Joe Bradbury discusses the correlation between movie and building:

Architects often strive to figure out how these structures came to be, pondering how they were constructed. They might even be able to picture the blueprints that would be required to bring the structure into existence. It’s hard to explain, but architects and designers know when they see an ambitious fictional building that could actually be perceived and imagined in reality. This pushes them to innovate and reach for the sky.

Science Fiction is one such genre that can be described as a no-holds-barred lens through which we might perceive the future of brave and rule-breaking architectural design. In fact, the last 50 years alone have proved that some films even hinted at technologies that later came to exist in the future, not long after their fictional inception.

Science Fiction throws the rulebook in the bin when it comes to city planning and building design. Unrestrained by the limits of planning policies, building codes, rules, regulations, red tape and logistics the human imagination is set free, allowing us, the viewer to experience gargantuan technological metropolises, brimming with richness and character.

In film, design aspects such as scale, proportions, colours, textures and forms can easily be given a deeper and intangible meaning. They not only depict larger-than-life scales, but often demonstrate the complex relationship between architecture and society, including scenes that display both the negative and good aspects of it.

Whilst observing these fictional environments, it’s wise to wonder “what lessons can be drawn from this?”

Films can act as architectural critique

Films frequently feature dystopic images. Ridley Scott’s ‘Blade Runner’, set in 2019 San Angeles, features an unforgettable futuristic, post-industrialist city, which is an excellent example of this. For those watching closely, the film is certainly a critique of the past and present, as well as a clear embodiment of the troubles engendered by this new urban condition. It serves as a cautionary tale about population growth, urban development, and unfettered capitalism.

 

How design influences our films

Needless to say, movies have an unquestionable impact on modern design and our cultural understanding of environments overall. However, the pendulum swings both ways and modern architecture, in turn, brings its creative aspect to the cinema, also – forming a continuous loop of inspiration.

Cinema is an art form in which architecture can play a prominent role. Architecture helps to add significance to a film’s story and to set the scene in terms of both location and time period.

Cinema allows for the preservation of old building as well as the invention of futuristic styles that have yet to be seen. It depicts architecture as we see it in our daily lives in the cities we live in, including both new and old buildings. Because architecture is used as part of the scenery for cinematic works, architecture and cinema are inextricably linked. It permits a city to be depicted in both a realistic and a fantastical manner.

Films can also be beneficial to urban planners since they help them to think about how cities will expand and evolve in the future. Architects can understand how the city is constructed in our collective imagination and how it might be represented in many ways, thanks to movies. One can watch something set in a dystopia and consider “what went wrong?” Conversely, one can watch a film about a Utopia and consider what steps would need to be taken in order to guide society towards this goal.

Hollywood’s link to construction

Many well-known actors and actresses in Hollywood have a background in architecture. Joseph Kosinski, the director behind blockbusters including ‘Tron Legacy’ and ‘Oblivion’, received his Master of Architecture from Columbia University in 1999. Instead of pursuing a career as an architect, Kosinki pursued a career in cinema, owing to his digital modelling skills, which he learned while studying architecture.

Following the completion of his thesis Beyond Mise-En-Scène: Narrative Through Architecture in Main Stream Cinema, Anshuman Prasad relocated to Los Angeles to pursue a career as a set designer. ‘Captain America: Winter Soldier’, ‘Girl With the Dragon Tattoo’, and ‘The Hangover’ are among his many blockbuster flicks.

Comparing the two

In many aspects, movie sets are comparable to building sites in that they require many separate, independent professional organisations that are constantly collaborating with new people on set/site – many of whom they have never met and will never encounter again.

The importance of timing, as well as logistics, coordination, and communication, cannot be overstated. Production facilities change while production moves forward at constantly-changing locations. Construction professionals and actors alike can expect unpredictable weather and daily variations from the schedule, however there is still the pressure that fixed production plans must be closely adhered to; otherwise affects upon the overall project will be severe.

On a building site, it only takes one tiny mistake to start an expanding problem-chain that can result in lost money, poor quality, accidents, conflicts, and so on. This is a scenario that is quite similar to what happens on a huge professional movie set on a daily basis: Consider any minor hiccup in the production plans for shooting a car chase through a city, or a sick main actor in a scheduled scene with rented animal trainers, child actors, weather dependencies, hundreds of extras, incorporating production into special effects design, signing a slew of permissions on a faraway location rented for the day, and so on.

In summary

There is certainly a strong link between the world of movies and the world of building design. Next time you stick one on, pay close attention to the backdrop – the unsung hero of cinema.

OU (Open University) experts have called for greater sustainability in the construction of new buildings, which are globally responsible for 10% of all carbon emissions.[1]

Dr Alice Moncaster and PhD student Jane Anderson, international experts in reducing carbon emissions in construction, have provided evidence towards a Select Committee report (published 26 May 2022) that they have hailed as ‘the first major step towards tackling new building emissions.’

Currently building regulations require new buildings and major refurbishments of existing buildings to be designed to be energy efficient, limiting the energy used in heating, lighting and cooling.

Requirements for energy efficiency have been increasing over the last two decades, particularly since the 2006 enforcement of the European Energy Performance of Buildings Directive (EPBD), although the earlier target ‘zero carbon’ requirement by 2020 hasn’t been met.

However, experts argue that even if the target had been met, the UK’s definition of zero carbon and the EPBD have both ignored a major element of the whole-of-life carbon emissions of a building.

This missing part is the ‘embodied carbon’ of the building, the carbon emissions from the manufacture of all the building materials, their transport, and the construction processes, as well as repair and replacement over the life of the building, and the demolition and waste processes.

Dr Moncaster said:

“Ignoring embodied carbon is like budgeting for a car, but only including the running costs of tax and petrol, and forgetting to include the cost of buying the car in the first place. 

“We can’t do this with money. However, individually we don’t have to pay for embodied carbon costs. Unlike the energy used in heating and lighting, there isn’t a direct connection between the cost of the building materials and their carbon emissions.”

She continued:

“Around 10% of all global carbon emissions come from constructing buildings. Although we don’t pay for it directly, we know now that this embodied carbon is a devastating cost to the planet.”

This overlooked emission is sometimes called the ‘capital carbon’. After years of industry lobbying, research and the development of a methodology, Dr Moncaster feels that the UK Government is starting to take note, and embodied carbon is a key element of the latest Inquiry.

Dr Moncaster highlighted the importance of the report and its potential impact:

“The Government has a key role to play here in legislating to reduce these construction impacts.

“We hope this report will have significant and hard-hitting consequences for building construction practices, construction materials, and building regulation in the UK.”

Read more on climate change and the built environment in Dr Moncaster’s OpenLearn article.

Cara Jenkinson, Cities Manager at Ashden, a climate solutions charity which works on progressing green skills for retrofit in the UK with local authorities and retrofit organisations, says:

“Introducing a windfall tax at this time is an ethical and financial ‘must’ and we welcome the government announcement. With the urgent need to reduce the cost-of-living crisis, this windfall tax is a no-brainer.

“But for real impact the government needs to be much bolder – the UK should be ploughing money into investments that will rapidly reduce prices for struggling families and reduce emissions for a struggling planet. Embarking on a massive nation-wide retrofit campaign that is designed to help the poorest of this country, is the second ‘must’.

“A national retrofit programme will boost local businesses, create new jobs in every corner of the country and support the government’s net-zero and levelling-up targets. Supporting retrofitting is the obvious choice – it will quickly turn cold, damp, homes with high fuel bills into warm, insulated, cheaper-to-run homes.”

Ashden work with many organisations focusing on renewable energy, energy efficiency and retrofit of buildings in the UK which is where some of the most extensive, immediate and rapid decarbonisation could happen.


Mike Foster, CEO of not for profit trade association the Energy and Utilities Alliance, says:

“We welcome the announcement from the Chancellor on the grants for households that finally provide a lifeline to those struggling with the elevated cost of energy bills. This type of short term measure is a vital step in protecting the most vulnerable in our society from falling into fuel poverty as the energy market remains turbulent in the approach to another Price Cap rise in October.

“Now, the Government needs to look at the long-term protection of the British people and their financial situation in the face of rising energy costs by urgently shifting away from fossil fuel gas to hydrogen, using the world-class gas networks already underground to supply our homes and businesses. This will create more secure energy supply to homes breaking free from the blood-stained hands of President Putin, and positioning the UK as the world’s leading hydrogen economy.

“Now is not the time to consider re-wiring Britain; ripping out boilers to be replaced with £10 grand a time heat pumps would be a folly when clean gas is just around the corner. Hydrogen heating will mean people can keep their gas boilers, cookers and fires; it is just the gas that is being changed. We did the same thing in the 1960s, moving from Town Gas to natural gas, now we will move from natural gas to hydrogen. The UK will lead the way, as it did before, giving the nation energy independence and protecting our people in the process.

“Consumers will avoid major disruption to their lives, minimise the costs associated with achieving net zero, at the same time help save the planet from climate change, and keep Putin’s gas in the ground. Avoiding a cost burden on the British public and removing reliance on foreign fossil fuel supplies seems like a no brainer to the heating industry, so we call on the government to think ahead and start the wheels in motion for developing the hydrogen economy now.”


Gillian Charlesworth, CEO, Building Research Establishment (BRE), comments:  

“Today’s announcement of further support for struggling households is welcome in the face of ever-increasing energy costs. Immediate financial support for the poorest households is certainly much needed, but British households also need solutions which protect them in the long term.”

“The UK has one of the oldest and most poorly insulated housing stocks in Europe, and over a third of our gas supply is currently used to heat our homes. This  unnecessarily inflates demand for natural gas, leading to higher bills for households.”

“Accelerating the roll out of insulation to poorly insulated homes is a simple solution that could significantly improve the energy efficiency of our housing stock. In the long term, investing in retrofit measures will translate into savings year on year, better shield households and businesses from any future energy price shock, and reduce the need for the taxpayer to intervene in the future.”