Kinovo (KINO) , a specialist property services provider focusing on safety and regulatory compliance, has received a direct award through The Greener Futures Partnership's Decarbonisation Framework. The award has an anticipated value of £4.8 million over 19 months and is Kinovo's first direct award following Kinovo’s placement on the GFP Framework as announced in May 2023.

The framework includes five housing associations with 300,000 homes, making up 9% of the social housing market. In March 2023, GFP secured £40.4 million from the Government's Social Housing Decarbonisation Fund, matched by GFP for a total anticipated investment of £95 million nationwide from 2023 to 2025.

Kinovo's direct award is to undertake whole house retrofit energy efficiency works for around 200 properties. Works are due to start in September 2023 for an initial term of 19 months until March 2025.

David Bullen, Chief Executive Officer of Kinovo plc, commented: "We are pleased to have won our first direct award under the GFP Decarbonisation Framework, at a value of £4.8 million, and the latest in a series of new contracts and direct awards under our Renewables pillar. I believe Kinovo has all the qualifications, skills and experience to act as a "one stop shop" to support housing associations and local councils in meeting the Government's net zero carbon emissions target by 2050, alongside their objective for all social homes to achieve an EPC "C" rating by 2030."
 

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Today's news adds to the strong momentum from Kinovo in 2023, which announced last week that it had secured additional multi-million framework wins and a direct award, including an award notice under Eastern Procurement Limited's Asset Improvement and Sustainability Framework, worth £156 million, and earned a place in three lots of the Hyde Group's Alternative Heating Servicing and Maintenance Services and Metering and Billing Services Framework, worth £28 million. 

Additionally, Kinovo has received a direct award from Broadland District Council through the Government's Social Housing Decarbonisation Fund, valued at £1 million over two years.

Today’s news, coupled with last week's framework and award wins, demonstrates that there is strong demand from clients for services within Kinovo’s Renewables pillar, which entails providing energy efficient solutions that reduce carbon footprints. 

As the 2050 net zero target, alongside the target for social homes to achieve an EPC "C" rating by 2030 draws closer, the company will no doubt see continued demand as its services are well aligned with the long-term needs of its customers.

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