This snapshot, taken on
, shows web content acquired for preservation by The National Archives. External links, forms and search may not work in archived websites and contact details are likely to be out of date.
The UK Government Web Archive does not use cookies but some may be left in your browser from archived websites.

Access key links:

This site uses cookies to help make it more useful and reliable. Our cookies page explains what they are, which ones we use, and how you can manage or remove them.

Competition for non-domestic energy efficiency fund managers: frequently asked questions

Are social housing projects included in the definition of ‘non-domestic’?
(By this we mean energy efficiency retrofit/refurbishment projects carried out on a large number of residential properties by e.g. social landlords, independent contractors, local authorities.)

UKGI envisage a scenario for some limited investment in social housing, but only as part of a wider district heating/energy scheme. Domestic energy efficiency (e.g. investments in insulation for social housing) would not be included as part of our NDEE remit, although may be covered through our support for the Green Deal, which is not included within the scope of this competition.

Within the EOI a reference is made to both public and private sectors. Does the UKGI have a preference for projects in either the public or private sector, or are you seeking a balance between the two?

UKGI confirm that there is no preference to the mix of public: private sector investments.

While the UKGI will be primarily focussed on debt funding, can you provide any more information on the likely provision for equity and subordinated debt and equity investment propositions within the UKGI’s allocation?

The discussions held to date have identified that a significant proportion of investable projects in this market are likely to generate returns with an overall IRR range of 10% - 15%. This implies that the bulk of any investment into such projects will need to be structured as to have a risk profile appropriate for a debt return. UKGI will consider either debt or equity fund proposals that fund managers believe will satisfy our investment requirements around the principles of sound finance and additionality. UKGI confirm that equity propositions achieving the stated investment requirements will be evaluated as favourably as pure debt propositions.

Does the UKGI expect to make further allocations/tenders in the event that long-term project pipelines exceed the initial £20m - £50m per manager allocated by the UKGI?

The actual allocation per fund manager will be determined during the competition. UKGI may increase its capital allocation per fund manager depending on the quality of the pipeline presented. The EOI makes reference to the fact that there is the potential for future allocations (i.e. after the initial committed funds are fully invested), on the same or more favourable terms.

What economic data information will the UKGI require and with what frequency?

The specific requirements concerning the provision of wider economic data and the environmental criteria will be discussed and agreed during the competition.



 There's a business in everyone. What's the business in you?