Start-up details steps for progress on low carbon Welsh homes

A North Wales firm has outlined how it is leading on the scaling of the net zero retrofit sector to help bring large-scale energy improvements to Wesh homes.
Cyd Innovation team next to the Cyd Innovation banner

A North Wales firm has outlined how it is leading on the scaling of the net zero retrofit sector to help bring large-scale energy improvements to homes throughout Wales with the aim to eradicate poverty and support business growth.

Holywell’s Cyd Innovation detailed how it is building a social partnership between the government, social landlords, and installers to accelerate the delivery of low carbon homes that are affordable to heat across Wales during a visit from Hannah Blythyn MS.

The firm, which has delivered ongoing support to more than 5,000 energy efficient homes across North Wales to date, has experienced rapid growth in the past six months as the cost of living crisis has seen authorities looking to reduce power bills through decarbonisation and retrofitting projects.

With the average energy bill increasing by 54 per cent in April to £1,917 per year and with a further increase expected in October, Cyd Innovation has detailed how it intends to scale up production services to help deliver at least 50,000 low carbon homes by 2025.

Cyd Innovation provides a virtual energy efficiency team which provides retrofit experts on demand as well as assistance with funding and grant applications to social landlords. 

The firm also works to funnel investment into Wales to develop growth opportunities for local supply chains, working with them to scale up production and create jobs and training opportunities. 

Managing director and founder at Cyd Innovation Steven Reynolds said: “The need to improve the UK’s housing stock has never been more urgent, as more and more households are facing unaffordable energy bills as a result of living in properties which badly need improvement.

“The Welsh Government has placed an obligation on social landlords to establish a system to convert all social housing into properties with a rating as close as possible to EPC A or equivalent by 2033, with the estimated cost of delivering this being £5.5 billion.

“The biggest challenge facing the sector right now is ensuring the right talent and skills are in place to scale up decarbonisation and affordable warmth efforts. 

“This challenge is bigger than any single organisation and requires social value-focused partnerships which can maximise investment into Wales and coordinate spend through our Welsh supply chains into the local communities that need it.

“We are passionate about becoming the catalyst between the public, private, and the third sectors to accelerate progress and drive social landlords towards net zero, as all parts of the economy need to work together to ensure we can deliver these vital projects.”

As part of Cyd Innovation’s plan to further scale up support to social landlords and local authorities, the company is embarking on an ongoing recruitment drive throughout 2022 to meet its rapid growth, with plans to provide the service beyond Wales.

For more information on Cyd Innovation, please visit www.cydinnovation.com. 

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