White Paper: Bridging the Retrofit Funding Gap for Social Housing
Blended Funding & Integrated Asset Management
The need to decarbonise the UK’s housing stock has never been more urgent. Between ambitious net-zero targets, looming Minimum Energy Efficiency Standards (MEES), and a pressing need to alleviate fuel poverty, social housing providers face a monumental challenge – retrofitting millions of homes to improve energy efficiency and reduce carbon emissions. This is not only an environmental obligation but a social necessity, aiming to create healthier, more comfortable, and affordable homes for residents.
The scale of this chalenge is vast. An estimated 2 million UK socially rented homes currently fall below EPC Band C. The projected cost to bring these homes up to standard ranges from £60 bilion to £104 bilion. Against this backdrop, existing public funding, such as the £1.3 bilion committed through the Warm Homes Social Housing Fund (SHF), represents only a fraction of the required investment.
With retrofit costs for social housing estimated at up to £104 billion, and just £1.3 billion of committed government funding, the question isn’t if we need new funding models – it’s how.
Learn how social housing providers can: