A project that received support from Foundation has come up with a new initiative to help cut carbon emissions and fight fuel poverty.
Foundation awarded £50,000 to Blackpool, Fylde & Wyre Credit Union in June 2009 to finance an interest-free loan scheme for members to help pay for energy saving improvements to their home.
When the Government’s new Boiler Scrappage Scheme launched in January 2010, the Credit Union saw it made sense to combine the Scheme with its existing offering.
By taking advantage of both schemes, members can upgrade their old, inefficient boiler systems with a £400 grant from the Government and pay for the remaining balance with an interest-free loan from the Credit Union. The new boilers will cut members’ fuel bills by up to a quarter and reduce their household carbon footprint.
Mike Barry, Partnership Manager at Blackpool, Fylde and Wyre Credit Union says: “We are delighted with the interest in the scheme and since we combined the new initiatives, the number of enquiries has increased significantly.”
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