This report was commissioned by Lloyds and has been prepared by The Good Economy Partnership Limited (The Good Economy, or TGE), an independent impact advisory firm. The findings and opinions conveyed in this Pilot Study Report and the Appendices are based on:
Data provided by Senze, the project’s technology partner on the 121 properties included in the pilot sample
Data provided by Bromford Flagship, the project’s housing association, on the pilot sample properties and supplementary data on its wider portfolio
A third-party verification of Senze’s method, which was provided by Birmingham City University
A report from Salford University research facility, funded by UK Research and Innovation, which compares Senze’s heat loss measurement algorithm with the “gold standard” co-heating benchmark
Two workshops with the project’s partners including Lloyds as the commissioner of the report, Bromford Flagship as the housing association, Senze as the technology provider and Birmingham City University as the independent verifier of Senze’s method
Regular meetings with Senze, Bromford Flagship and Lloyds stakeholders
A site visit to two properties included in the pilot sample
Supplementary research conducted by TGE’s project team
The information reviewed should not be considered exhaustive and has been accepted in good faith as providing a reliable representation of the pilot study. We have taken steps to ensure we do not intentionally or unintentionally inflate potential positive results or underreport negative results within our analysis of the expected implications of using measured data to guide a retrofit programme. However, we acknowledge there are limitations in the quantity and quality of data available. We have identified and explained the effect of these limitations on the conclusions drawn and implications to the best of our ability.
The Good Economy cannot and does not guarantee the authenticity or reliability of the information it has relied upon. The Good Economy reserves the right to alter the conclusions and recommendations presented in the Pilot Study Report and the Appendices in light of further information that may become available.
The Good Economy accepts no duty of care, responsibility, or liability (whether in contract or tort including negligence or otherwise) to any person other than Lloyds for any loss, costs, claims or expenses howsoever arising from any use or reliance on this report.
To explore The Science Behind the Insights, including the supporting Appendices for this document, please visit our website: lloydsbank.com/retrofit.
