How M-Four can help
At M-Four, we pride ourselves on targeting opportunities for our clients through funding support. In order to eradicate fuel poverty and accelerate capital investment, we proactively help to identify alternatives to carbonised energy systems.
As such, we have championed and supported the installation of a range of Air Source Heat Pumps and Biomass Heating Systems for our clients in the Social Housing sector, through a range of support measures such as options appraisals, project budgeting, procurement support and technical design.
We know the financial challenges of making a switch to renewable heating systems, but we also have intimate knowledge on the many benefits of installing such systems, which is why we are best placed to support grant funding applications.
Grant Funding Support
Our Track Record
We believe that our track record speaks for itself. Off the back of a number of successful projects delivered for our client, North Glasgow Homes, they appointed us to develop an investment-grade business case to seek funding for a large-scale heat network project involving Communal Air Source Heat Pumps in six high rise tower blocks.
The client’s main driver, like ours, was addressing and eradicating fuel poverty in one of Scotland’s most deprived areas.
The case was developed and put forth on behalf of North Glasgow Homes with the hope of securing funding from the Scottish Government’s Low Carbon Infrastructure Transition Programme (LCITP). This funding is outcome and results-driven, and is designed to ensure that investment leads directly to defined community impacts, such as the reduction of fuel poverty. Through our large-scale programme of work as Lead Partners in the case, the LCITP focuses on organisations that have demonstrated the capacity to manage strategic interventions and comply with the audit responsibilities for the funds.
Collaborating to Achieve Results
Once we mobilised, our consultants were required to demonstrate a number of key factors to the Scottish Government, including; the project’s viability, lifecycle costing, energy modelling, carbon reporting, innovation and local government support. We developed a highly detailed proposal that was independently checked for technical and financial due diligence on behalf of the Scottish Government. After rigorous checks by our independent consultant, a report was provided recommending that the project should go ahead.
In February 2020, the Scottish Government provided a grant offer of £4,570,547 to our client, which is the single-biggest award under the programme.
We believe that this successful funding application will make a difference in the lives of many people and further pushes Scotland towards its goal of reducing fuel poverty by 2040.