Strategic Partnership with Br

RNS Number : 0051T

Mears Group PLC

21 September 2010

 



21 September 2010

Mears Group PLC

("Mears" or "the Group")

Strategic Partnership with British Gas Trading Limited ("British Gas")

Mears announces that it has today entered into a Strategic Partnership ("Partnership") with British Gas to jointly address the challenges of energy efficiency within the social housing sector.

Mears in partnership with British Gas will target funding opportunities under the Carbon Emissions Reduction Target (CERT) and the Community Energy Savings Programme (CESP) within our existing and growing Social Housing client base. Our aim is to increase Mears' clients' share of British Gas's obligation funding streams, including CERT and CESP, enabling Social Housing Landlords to leverage more value from their capital budgets.

The Partnership will offer a full range of microgeneration installation and maintenance services across the 500,000 Social Homes we currently work with. These include whole house solutions which may include air and ground source heat pumps, bio-mass boilers and solar panels.

Also from today, Mears and British Gas will jointly bid on repair and maintenance contracts in social housing, with British Gas providing energy services and funding to subsidise energy efficiency, renewable and low carbon technology.

By combining the capability and resources of these two industry-leading organisations, the Partnership will create efficiency opportunities for Local Authorities and Registered Social Landlords during a time of budget constraint.  Social housing tenants should benefit from lower energy bills, warmer homes and better service as a result of better co-ordination which combines existing maintenance services with energy management. Tenants will also receive direct advice and help from Mears staff to ensure the value of these investments is maximised within the home.

British Gas has the highest levels of CESP and CERT obligation of the major energy companies, and brings significant expertise on a full range of microgeneration systems, geared to leveraging funding through Feed-In Tariffs and the Renewable Heat Incentive, when available.

Mears were chosen by British Gas because of its innovative leadership position within the Social Housing sector and its proven tenant centric approach.

Bob Holt, Chairman of Mears, said:

"I am delighted to announce our Partnership with British Gas. This is the first partnership of its kind in the UK, demonstrating Mears' targeted and innovative approach to leadership within the Social Housing space.

"Our close working relationship with British Gas will strengthen our existing relationships with our key customers, as they seek to find cost effective methods of ensuring environmental compliance.

"We believe that this partnership demonstrates our ongoing commitment, clearly stated in our strategy 'to constantly search for new and better ways to support clients and help tenants' and our 'Getting Greener' Campaign.

We will work with British Gas to ensure that the Social Housing Sector generates significant savings and continues to create opportunities for the future."

Enquiries:	www.mearsgroup.co.uk
Mears Group PLC
Bob Holt, Chairman	Tel: [phone]
Andrew Smith, Finance Director	Tel: [phone]
Joint Broker - Investec
Keith Anderson/Daniel Adams	Tel: [phone]
Joint Broker - Collins Stewart
Mark Dickenson/Ileana Antypas	Tel: [phone]
Financial PR - Threadneedle Communications	Tel: [phone]
Trevor Bass/Alex White
IR - Hansard Communications	Tel: [phone]
John Bick/Kirsty Corcoran	Tel: [phone]

 

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