First launched by the UK Government in 2011, the Green Deal was established to address the fact that the UK has some of the most thermally inefficient housing in Europe. Green Deal loans help homeowners and landlords invest in renewable energy or energy efficient products, by providing them with attractive finance which they repay through their electricity bills.
In January 2017, Aurium partnered with Greenstone Finance to acquire the Green Deal Finance Company (GDFC) a consumer credit company focused on setting up, financing and administering Green Deal Loans.
GDFC subsequently split into two separate businesses:
- Allium Lending Group, which is focused on finance for domestic and business energy efficient solutions; and
- hiber, which focuses on technology and service solutions for installers of energy efficiency measures