AgilityEco - Bridges Fund Management

    

    

























 






    
	            
			    
    



		
		    

    
    
    





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AgilityEco

Leader in fuel poverty, energy efficiency and low carbon services

Investment Strategy

Long-Term Capital

Theme

Stronger Communities

Date of initial investment

November 2019

Bridges Executives

Tom Biddle
Luke Edwards

Thesis

Across the UK, continuously rising fuel costs, inefficient housing stock and rising household debt means that too many people are forced to make unacceptable choices between ‘heating or eating’. Indeed, more than 10% of households in the UK live in fuel poverty. Introducing energy-efficiency measures such as better-quality insulations and boilers into underserved homes will both save household fuel costs and enable wider reduction in carbon emissions.

Investment

AgilityEco is a leading provider of fuel poverty, energy efficiency and low-carbon services to vulnerable households across the UK. AgilityEco helps energy providers to meet their obligations under the Government’s Energy Company Obligation (ECO) scheme, which requires licensed energy providers to reduce lifetime fuel bills for fuel-poor households by £8bn+ during the period 2018-2022. AgilityEco supports this by arranging the installation of energy-efficiency measures such as better insulation and efficient boilers.

The company also works closely with over 150 Local Authorities to identify households eligible for the Warm Home Discount, a separate Government scheme for those in particular need. It has designed and operates a number of community-based programmes to provide fuel poverty and energy efficiency solutions to these households, including its award-winning Local Energy Advice Partnership (LEAP). 

Outcomes

Since its launch in 2013, AgilityEco has grown rapidly, supporting over 45,000 households in 2020. In 2020-21, the company’s interventions installed energy-efficiency measures and provided energy advice that reached over 100,000 individuals, leading to an average annual saving of £543 per household served. It has now produced its second Annual Impact Report and continues to build its services and team towards supporting as many vulnerable households as possible.

By introducing energy-efficiency measures in inefficient housing stock, AgilityEco will also contribute to a wider reduction in carbon emissions. 

www.agilityeco.co.uk