People Powered Retrofit

Withdrawable Shares

134%

raised
5%

Forecast
return

Investors
363
Hours left
0
Raised so far
£737,349

People Powered Retrofit is a service designed to help households source reliable retrofit services, creating greener, more energy efficient homes in Greater Manchester.

SITR
Match funded
Improving lives
Tech for good

Target
£550,000
Min raise
£200,000
Offer opened
06/09/2021
Closing date
30/11/2021

Match Funded

Win Win

This investment is match funded with an investment of £40,000 from Friends Provident Foundation and £25,000 from MCS Charitable Foundation.

People Powered Retrofit
Society no. 8656
Manchester, UK
Incorporation date: 18 June 2021

Your money will…

  • Help thousands to retrofit their homes. Cutting carbon emissions and tackling one of the causes of climate change.

  • Overcome supply chain issues. Providing bespoke eco-renovating training for builders and installers who specialise in retrofit services.

  • Enable the roll-out of the retrofit service across the UK, through the development of software to help assess homes and recommend solutions.

  • Earn a potential return. Investments in the share offer target a return of 5% and are eligible for SITR tax relief at 30%.

The bigger picture

Homes are responsible for about 20% of the UK’s carbon emissions. And with more than 90% of today’s homes expected to be still standing in 2050, we need to decarbonise as many as we can, as soon as possible. Over the past two years, People Powered Retrofit has worked with households to retrofit their homes and builders to up-skill and meet demand. They are raising funds to take the service to the next level by:

  • Recruiting more retrofit advisors and assessors, reaching thousands more households to improve the energy performance of their homes.
  • Providing eco-renovation training to up-skill the Manchester workforce and help the city region hit its net-zero carbon target.
  • Developing software that can be rolled out to help other regions across the UK to retrofit homes.
  • Making thousands of homes more energy-efficient, saving them money on bills in the long run.

Where your money goes

It’s your money so it follows that you want to know where it goes and what kind of impact you’re making. People Powered Retrofit will use your investment to;

  • Work with 1,150 homes in the next 5 years, making them more energy-efficient and saving 2,700 tonnes of CO2.
  • Enable them to grow their training programme, with the aim of retraining 3,500 local contractors.
  • Fund the growth of the tech-for-good side of the business, enabling People Powered Retrofit to offer software to other areas of the UK and Europe to help more retrofits happen.
  • Help create impact through reducing carbon emissions from homes, and running climate change-based education and awareness campaigns.

Team

People Powered Retrofit is a service designed to help households source reliable retrofit services, creating greener, more energy-efficient homes in Greater Manchester.
https://retrofit.coop/

Marianne Heaslip

Director

Marianne is an architect and Associate Principal at URBED, where she leads many of the architectural and retrofit projects whilst also feeding her knowledge of sustainability into urban design work. She has particular expertise in retrofit, low carbon design, building performance evaluation and participative design.

Jonathan Atkinson

Director

Jonathan studied Environmental Science at Manchester University before working at the Ethical Consumer Magazine. He co-founded Carbon Co-op in 2006 and has been involved in new project development and project management. As well as his work at Carbon Co-op, he co-authored a Community Share issue for the George Street Community Bookshop in Glossop during 2018.

Kate De Selincourt

Director

As a writer and editor on the environment, sustainable building, and energy and a member of the AECB, Kate is a well-respected figure in the retrofit sector. She has a technical understanding of many aspects of building performance, building and retrofit safety, and health in buildings. Kate sat on the People Powered Retrofit pilot stage advisory board. 

Barbara Lantschner

Director

Based in Glasgow, Barbara is a Building Performance Specialist at John Gilbert Architects and heads up their Hab-Lab projects. She has expertise including deep retrofit advice and holds a Level 5 Diploma in Retrofit Coordination as well as being a Certified Passivhaus Consultant and Designer.

Gervase Edward Mangwana

Director

Another AECB member, Gervase entered the field of low energy building after studying a Masters in Renewable Energy and the Built environment at the Centre for Alternative Technology in 2009. Gervase has seven years’ experience as a trustee/director of the million-pound turnover Vipassana charitable trust.

Andrew Northcott

Director

Andrew is a Project Manager on Domestic energy efficiency in the Energy Team at Cumbria Action for Sustainability. He specialises in home energy advice, home energy audits, retrofit training, funding strategy and developing a retrofit coordination service.

Dr Gemma Jerome

Director

Gemma is an environmental planner with a specialism in the delivery, management and maintenance of green infrastructure. She chairs the British Standards Institute panel for the emergent Biodiversity Net Gain standard and sits on the advisory group for the Natural England Green Infrastructure Standards Project.

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Interest accrual and payment

People Powered Retrofit's financial modelling indicates that they will be able to accrue 5% interest on members’ shares from 1st April 2023. Interest will accrue from 1st April 2023, and the first interest payment will be made on 31st March 2024. This return is not guaranteed but dependent on the success of the Society.

Getting your money out

People Powered Retrofit is offering community shares that are "withdrawable" shares. These shares cannot be sold or traded to someone else but can be withdrawn subject to the Rules of the Society. People Powered Retrofit have set a limit of and modelled for, allowing 10% of shares to be withdrawn per year from 2024 and have developed a Share Withdrawal policy which outlines a ‘first come first served’ approach to withdrawals.

Investing on behalf of children

This offer is eligible for investment on behalf of children.

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Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.

Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.