SuSy success in major government funding bid
- 14 June 2023
SuSy house are pleased to announce after teaming up with Scroll Finance, a national financing company, the partnership secured over £158k in government funding for their innovative projects in a bid to decarbonise the UK by 2050.
On Friday, May 19, 2023, the Government announced £4.1million had been awarded to innovative green finance projects across the UK. SuSy, partnered with Scroll Finance, won funding under the Green Home Finance Accelerator (GHFA), as part of the Net Zero Innovation Portfolio.
The partnership intends to develop an embedded finance technology solution that will be used for home retrofit decarbonisation projects.
The GLOCERS (Green Line of Credit Embedded in Retrofit Services) Project was successfully awarded £158,608 to scope, design and test end-to-end retrofit journeys embedded with an innovative and flexible financial product in three pilot areas across the UK.
Users of the SuSy House app will be able to finance energy efficient upgrades through the use of Scroll’s innovative flexible home equity release product to make retrofit upgrades financially achievable.
"We are really excited about aligning with the government's drive towards decarbonising homes as part of GHFA. In partnering with Scroll finance we are getting to work with a fantastic and energetic team who are pushing the boundaries to create innovative finance solutions to allow homeowners to upgrade their homes more affordably. We are delighted to be working with them to produce an end-to-end solution to enable homeowners throughout the UK to be able to reduce their bills and decarbonise their homes."
Ashish Kashyap, CEO and Founder of Scroll Finance added:
“Scroll is honoured to have the opportunity and responsibility to design and develop an innovative finance solution that could turbocharge the green homes revolution in the UK. We are under no illusion and know it is an ambitious project. We are delighted to partner with SuSy, who are the experts in energy technology and share a common passion with Scroll, to build simple (yet clever!) products. Scroll would like to thank UK Department of Energy Security and Net Zero for reposing their faith in us.”
The funding comes as part of the Governments plans to decarbonise Britain to be at Net zero by 2050. GLOCERS aims to pilot consumer trials in early 2024.
Lord Callanan, Minister for Energy Efficiency and Green Finance said:
“The government has put in place long-term commitments to ensure homes across the country have greater energy efficiency to reduce bills, drive down energy use and lower emissions. We are supporting these organisations to develop fresh and innovative ways of helping more people get better access to energy efficiency measures, such as loft insulation, double glazing, and heat pumps.”.
About Scroll Finance
Scroll Finance is an award-winning fintech marketplace that was setup in 2021 to help homeowners to get the most out of their homes and help unlock their housing wealth to meet large, essential needs such as home improvements and energy efficiency upgrades. Scroll acts as a marketplace bringing together homeowners and landlords to access responsible, flexible, and convenient financing solutions through relevant partners, from institutional funding sources.
For more information, please visit scrollfinance.com.