1. Wessex Home Improvement Loans Andy Meldrum Adviser

2. Who Are We?  Community Interest Company  A delivery agent for local authorities across the South West  A “not for profit” social enterprise

3. Partnerships 20 Local Authority Partnerships  5 Somerset Authorities  West Dorset Authority  8 Devon Authorities  4 West of England Authorities  Wiltshire Authority  Weymouth and Portland

4. South Gloucestershire Home Energy Loan Partnership between South Gloucestershire Council, Severn Wye Energy Agency and Wessex Home Improvement Loans New initiative Offering homeowners the chance to install energy efficiency measures and renewable technologies

5. How the Scheme works LA Funds held by Wessex Capital returned to pot Funds lent to client at 4% Interest covers WHIL costs

6. Loan Details  Fixed rate of 4%  Capital and interest repayment loan  No loan set up fees Only charges:  £40 - Land Registry fee;  5% Severn Wye project Management fee  Equitable Mortgage

7. Amounts and Term  Minimum loan = £1,000.00  Maximum loan = £15,000.00  Term ranges from 6 months to 15 years

8. Example Repayments Capital and Interest @ 4%  £2,000 over 10 years = £20.25 per month  £6,000 over 15 years = £44.38 per month  £10,000 over 15 years = £73.97 per month

9. Releasing funds Two choices: 1.Client receives the money and settles invoice with installer direct 2.Funds are paid directly from Wessex HIL to installer ! Funds not released until works are completed and inspected !

10. Wessex Home Improvement Loans

11. www.wrcic.org.uk andrew.meldrum@wrcic.org.uk