Vericon's support for WAVE 2.1 funding

The Social Housing Decarbonisation Fund (SHDF) Wave 2.1 fund of £800M is open to all housing associations carrying out fabric first upgrades to more than 100 properties at EPC band D – G, either as a sole applicant or as a consortium.

The target is to achieve EPC C rating, however, EPC D ratings will be

considered depending on the housing stock. In setting the criteria as EPC C the fund is designed to improve energy efficiency, reduce carbon , reduce fuel poverty

without increasing bills.

Upgrades include, but are not limited to, energy efficiency measures (such as wall, loft, and underfloor insulation) and low carbon heating technologies.

One of the core objectives of the SHDF is to support progress for the UK to reach its Net Zero target by 2050. Therefore, fossil fuel measures, such as the installation of a new fossil fuel-based heating system, or the replacement or repair of an existing fossil fuel-based heating system with another fossil fuel-based heating system, are not in scope and applications including these fossil fuel measures will be ineligible for funding through the SHDF Wave 2.1 competition. The application needs baseline and forecasted end results which must be validated by monitoring and evaluation. Vericon’s Ecosystem includes a ready to go offering which has been used to monitor a range of projects in Wave 1.0 and was successfully implemented by Stroud District Council. Stroud District Council was successful with its Wave 1.0 application, being granted a total of £1.8M to improve the energy efficiency of 187 homes. Through the Department of Business, Energy, and Industrial Strategy Wave 1 funding, the Council can assist tenants by reducing their energy bills and carbon emissions, boosting the green economy, and improving their health and well-being.

More information about Stroud District Council can be found here

Due to the scale and size of the projects, applicants are expected to have administration and ancillary (A&A) costs associated with the delivery of the project. This includes the PAS 2035 assessment which is limited to 15% of the total project costs. However, the monitoring system can be considered a capital cost and can be funded directly from the grant. By using the Vericon Connect Platform and Ecosystem applicants can measure heating appliance activity, electrical power consumption and environmental conditions before, during and post works.

SDHF Wave 2.3 Competition Key Aims and Objectives: - Reduce Fuel Poverty - Decarbonisation - Enhanced Social Value - Support Green Economy - Develop the Retrofit Sector

Additional Digitalisation funding opportunity – Vericon Ecosystem for FREE

In addition to the Wave 2.1 fund BEIS have set aside an optional innovation support fund of up to 2% of capital spend per bid, or a maximum of £600k per bid to assist in the digitalisation of retrofit. In return, digitalisation funding applicants will be required to share data and may be required to provide additional reporting with BEIS. This may include stock data or monitoring data that is collected as a result of digitalisation funding.

The Digitalisation of Retrofit Funding is an option within the Wave 2.1 application. Question 5.1 requires the applicant to explain how they will use technology to achieve the four key elements of the funding requirements, all of which is covered off in the Vericon Digitalisation of Retrofit Pack. The pack will cover how the Vericon Ecosystem can be used to monitor and evaluate the effectiveness of the fabric first program, access and enhance the solutions for current and future

projects, monitor and help to manage energy and electrical peak consumption and how the system will drive quality of information, and cost and time efficiencies.

Our Ecosystem

Vericon have created a complete Ecosystem of IoT sensor devices which allow

housing associations to monitor, manage and maintain their assets remotely. The

system is completely independent of any current infrastructure so will not rely on,

for instance, a tenant’s internet connection.

Scalability

A core element of the Vericon Ecosystem is its ability to scale and meet all current and future requirements. This is achieved by creating a secure local network which allows ancillary devices and sensors, both available today and developed in the future, to communicate with the Connect cloud allowing ever stronger building intelligence. The gateway and network manager are implemented as part of the Digitalisation of Retrofit funding and therefore affords the applicant the core system at little to no charge. Future requirements would require the adoption of specific low-cost sensors.

Reporting and notifications

The Connect platform has portfolio focussed reporting, from emergency light compliance testing to mould and fuel poverty risks. Where the system highlights a potential issue, it will also detail the exact property allowing granular interrogation.

The system works by exception and allows notifications and alerts to be created according to specific trigger points and response times. The inbuilt escalation process allows managers to be notified when an SLA isn’t met maximising the value of their time.

Next steps

Call one of the team to discuss how we maybe able to support your application.

Tel: 01242 582 555

Email: hello@vericonsystems.com