Green Home Finance Innovation Fund evaluation
An evaluation of the effectiveness and efficiency of management and delivery processes of the Green Home Finance Innovation Fund programme.
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The Green Home Finance Innovation Fund (GHFIF) programme was launched in 2019 to support lenders and other financial institutions to develop their own innovative green finance solutions targeting the retrofit market for homeowners. The Department for Energy Security and Net Zero (DESNZ) commissioned a process, impact and economic evaluation of the GHFIF programme in order to:
- determine how well the GHFIF programme objectives, as described in the business case, have been delivered
- provide evidence to understand the barriers to delivery of benefits the programme may have failed to overcome and/or things that could have been done better in design and delivery of the programme to deliver benefits going forward
- trace the different innovations that have taken place in the development and piloting of green home finance products and generate evidence on how the design and implementation of financial products has influenced the scale and nature of outcomes achieved
- provide evidence of the outcomes and impacts achieved by the programme, to support both benefits reporting and the design of future green finance programmes
The process evaluation was designed to help determine the effectiveness and efficiency of DESNZ’s management and delivery processes and identify any ways in which delivery processes may be improved. The findings from the process evaluation are detailed in this report, which draws on evidence collected through 3 main sources:
- findings from the scoping phase (July to August 2021)
- stakeholder interviews (September to October 2021)
- programme data and documentation