8. Finance structure for Pathfinder £25m £100m ECO 100% BCC 5-6% Illustrative £75m Cost per house - £6-7k Number of houses = 15,000 Energy Companies Long term fixed low cost finance Write-off Borrowing (PWLB) Hard to treat & fuel poor ECO – Energy Company Obligation
9. Option 1 for extension phase Banks provide non-recourse debt £100m £400m ECO 25% 75% BCC Banks 7% 5-6% Illustrative £300m Cost per house - £6-7k Number of houses = 15,000 6.5% £75m £225m Energy Companies Long term fixed low cost finance Write-off Low cost buffer Non-recourse private sector Hard to treat & fuel poor ECO – Energy Company Obligation