On 27 July 2017, the Financial Conduct Authority (the “FCA”), announced that by the end of 2021, the FCA will not use its legal powers to compel or persuade banks to submit to LIBOR as they are not comfortable in doing so where there are only a few eligible term borrowing transactions by large banks.
We help housing associations navigate the often tricky issues involved in saving, buying and producing energy. Whether you are a generator or supplier of community energy, looking to improve SAP ratings of your stock, replacing your communal energy systems or requiring Energy Performance Contracting (EPC) arrangements to save energy, we are ideally placed to help you. Housing associations are often the only organisation in communities trying to address the issues of living in cold conditions, which impact on health, education and work outcomes for tenants.
We have advised housing associations on everything from large-scale solar rooftop energy installations to biomass boilers and district heating schemes. After the reductions in the Feed-in Tariff subsidy (FiT) initially set many schemes back, rooftop solar is now making a return and is no longer reliant on FiT subsidy, and the issues with funders are still prevalent but are surmountable. Changes in the energy market make producing your energy and selling on any excess a realistic prospect, which is an exciting proposition for both high and lower energy-use business.
As well as producing energy, we have advised central government, through the energy saving trust, on the different funding models for retrofitting schemes to save energy - so have a unique insight into the operation of the various models. Installing external or internal wall insulation, voltage optimisers, battery units, etc. are all now accepted parts of asset-management strategies to reduce fuel poverty and improve homes for tenants. We advised on many of the retrofit frameworks that are available to housing associations and local authorities such as the Surefire scheme procured by whg.
Funding energy improvements to non-tenanted assets, through savings from utility bills, can be a complex but ultimately rewarding way of investing in communal or commercial assets. We have considerable experience of managing the risk areas in these EPC arrangements including the extent to which saving are guaranteed, re-basing energy costs when changes happen in your organisation and looking at defects and response times if energy saving equipment turns out to be faulty.
We also have considerable expertise in understanding the different funding regimes for energy-saving works and their impact on subsidies. We have advised on multi-million-pound schemes subsidised through CESP (Community Energy Savings Programme) in the early 2000s, then ECO 1 and 2, renewable heat incentive payments and also funding through ERDF priority axis 4 – promoting the shift to a low-carbon economy. Understanding the funding regimes and compliance is key to a successful project.
The opportunities to produce green energy, sell energy or save energy through retrofitting to lift tenants out of fuel poverty have never been greater. We are committed to this agenda, which enables us to understand your overall objectives and drive projects through to you. Get in touch to see how we can help you.
Provisions within the Housing and Planning Act that remove the need for housing associations (“HAs”) to obtain consent from the Regulator to dispose of social housing (as well as to merge or enter new group structures) come into force on 6 April.
Such freedoms will allow HAs greater flexibility over how they use their assets and, potentially, how they structure their businesses. Our expert panel gathered to discuss the possible opportunities the deregulatory measures offer, together with the likely hurdles. Read the outcome of their discussion here.
A projects lawyer, specialising in local authority and housing sectors.
A key feature of statutory payment mechanism is a requirement for employers to issue payment notices & pay less notices if monies are to be withheld from a contractor.
I have just finished watching the lovely Christopher Eccleston on BBC iPlayer’s Come Home (#spoileralert in case you haven’t seen it yet). It’s about a family where, rather unusually, the mother leaves the marriage, her home and most shockingly, her children.
The Regulator of Social Housing has this week published a revised 'Regulating the Standards'.
The Department for Education has approved the setting up of 5 new adoption agencies involving a total of 17 councils.
One of the most important benefits of lighter nights is the improvement in road safety.
The European Court of Justice (ECJ) has given a Judgement in Ville de Nivelles v Matzak on whether stand-by time constitutes working time under the Working Time Directives.
The Government has announced that it will amend The Universal Credit (Housing Costs Element for claimants aged 18 to 21) (Amendment) Regulations 2017 (the “Regulations”).
Epilepsy is most commonly diagnosed in children and in people over 65. According to the Epilepsy Society “there are over 60 million people with epilepsy in the UK, so around 1 in 100 people.”
The use of a prohibited nerve agent on British soil resulted in the Court considering whether it was in the best interests for personal data to be released for use by the OPCW.
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