RE:NEW (3)

MQT on 2016-03-16
Session date: 
March 16, 2016
Question By: 
Murad Qureshi
Labour Group
Asked Of: 
The Mayor


The latest GLA Investment and Performance Board 'Finance and Performance' report states on your home energy efficiency programme RE:NEW that "The project continues to be rated red due to the risk that KPI targets will not be met." What KPIs are not being met? What are the principal reasons for the programme's delivery problems?


Answer for RE:NEW (3)

Answer for RE:NEW (3)

Answered By: 
The Mayor

Phase III of the RE:NEW programme is on track to meet its target to lever in c£50m of investment by 2017, and around 70 social landlords are currently signed up.   

There is, however, a risk that ambitious targets set in 2013 for the number of homes retrofitted and the level of carbon savings for this phase of the programme may not be met. This is due to unforeseen and challenging market conditions, including:

       significant reductions in ECO funding and solar PV feed in tariffs, and the cessation of the Green Deal and associate funding schemes

       the one per cent rent reduction for social housing providers, the extension of the Right to Buy and the sale of high value council homes.

I am boosting the delivery of RE:NEW on a number of fronts. For example, I recently launched the London Boiler Cashback Scheme, to reduce carbon and energy bills for 6,500 London home owners and private tenants. I have also commissioned an assessment of the transferability to London of the Dutch Energiesprong zero energy approach to domestic retrofit.