Regulation

Market driven by regulation and compliance

Kinovo’s business is built upon stringent non-discretionary regulatory and compliance requirements. These market fundamentals exist regardless of any short-term fluctuations such as Covid-19.

The ever-increasing awareness from the public around safety and compliance standards results in stricter legislation, increasing the responsibility of landlords to ensure the safety and compliance of their properties and people.

The UK Regulator for Social Housing forecasts £2.7bn will be spent on capitalised repairs and maintenance expenditure in the twelve months to 31 March 2022.

Kinovo’s response

The majority of Kinovo’s services satisfy an unwavering focus on compliance and safety by its customers.

Our services are technical, specialist and require qualifications adding value to our offering and assurance to our customers’ operations.

Kinovo’s ability to compete is underpinned by the reputations of its four established subsidiaries, key performance metrics and the Group’s ability to support its clients in meeting their own governance requirements.

As the housing stock grows, the need for our services will only increase. The critical nature of these services are such that customers generally prefer not to change provider if we deliver a quality and efficient service, facilitating longer-term relationships.

Regeneration

Market driven by critical need

The UK has a critical need to increase the supply of affordable housing, particularly in locations where standard market rental prices are beyond many people’s ability to pay.

Over one million people are stuck on local authority housing lists, some for more than a decade. An estimated 380,000 affordable homes per year are needed for the next 15 years, of which 100,000 have been earmarked as social rent. The amount of capital investment needed is estimated at over £10 billion per year.

The need to improve the existing housing stock is also high on the agenda, taking a share of the estimated the estimated £2.7 billion being spent on capitalised repairs and maintenance.

Kinovo’s response

With more social and housing association homes being built, the demand for the building, improvement and refurbishment services that Kinovo provides is set for long-term growth.

The Group has the opportunity to grow its existing customer base, provide a diversified end to end offering, leverage its reputation within its sector to win new customers and support its clients in meeting their own social goals.

Renewables

Market driven by carbon reduction targets

The UK has a critical need to increase the supply of affordable housing, particularly in locations where standard market rental prices are beyond many people’s ability to pay.

Over one million people are stuck on local authority housing lists, some for more than a decade. An estimated 380,000 affordable homes per year are needed for the next 15 years, of which 100,000 have been earmarked as social rent. The amount of capital investment needed is estimated at over £10 billion per year.

The need to improve the existing housing stock is also high on the agenda, taking a share of the estimated the estimated £2.7 billion being spent on capitalised repairs and maintenance.

Kinovo’s response

Kinovo has a key role in in supporting its clients and the Government on reaching carbon reduction and energy efficient targets.

Market driven by Greener buildings

The Government estimates £11 billion in private investment in the 2020s and has pledged over £1 billion in funding for greener buildings including 600,000 heat pump installations per year by 2028

All new affordable homes will need to be ‘zero-carbon ready’, produce 75-80% less carbon dioxide and will no longer connect to the gas grid from 2023.

In addition, the Government has committed to further funding for the Social Housing Decarbonisation Fund to continue upgrading the least efficient social housing

Kinovo’s response

Our mechanical expertise enables us to deliver energy efficient solutions. We are exploring and installing innovative cleaner technologies and investing in our skill-sets to help our customers deliver on their legal requirement of zero-carbon emissions in the UK by 2050.

Our work in new-build and regenerating homes and communities provides us with considerable opportunities to build and retrofit more efficient and low-carbon heating and lighting solutions.

We are ensuring our staff have the training and qualifications necessary to provide these essential services for a greener future.

Market driven by Accelerating the shift to zero emission vehicles

£1.3 billion has been made available to accelerate the rollout of electric vehicle charge points across councils in the UK.

Kinovo’s response

Our electrical expertise positions us well to capitalise and build on this significant opportunity.

We have invested in training engineers to install any type of EV charging point, at home, commercially for for public transport.

Our existing relationships with our clients allows us to leverage opportunities in extending our existing compliance driven services in terms of design, installation, maintenance and servicing.