Snugg

Team Snugg at the Bayes Centre quiz last night. [insert humble brag about coming second 🥈] Team work makes the dream work!

#UKSavingsWeek starts today, an important campaign led by the Building Societies Association with two goals: - Increase the number of people who make regular payments in to a savings account - Increase the interest people are earning on their savings Great to see so many financial institutions taking part in this awareness campaign. We know that many people prefer to save for home improvements rather than borrow. At Snugg we're looking forward to furthering partnerships and conversations with mortgage lenders about the role savings accounts can play in funding the home energy efficiency improvements needed in 29 million homes before 2050.

One thing we often get asked is, "Do you have a mobile app?" The answer is no. Snugg is a progressive web app (PWA), fully optimised for mobile devices. This means homeowners can access their personalized home improvement plan in just a few clicks, without needing to download anything from the app store. It also means that users always have access to the latest version of the tool without having to run an update. This is key, as we’re constantly rolling out new features based on user feedback and market needs.

Some good news for those who share our ambition to reduce CO2 emissions from the UK's housing stock. Yesterday, the Scottish Government announced it's Programme for Government 2024-25. "This year we will bring forward a Heat in Buildings Bill that is deliverable and affordable for households and businesses, setting the long-term direction of travel and, in turn, providing certainty to building owners and the supply chain." Link to the full document in the comments.

Final call for our Scottish Adviser Forum, in partnership with the Scottish Building Society. The event will take place on Wednesday 4th September, from 10am. Our speakers include: Nigel Hammonds from Scottish Building Society David Coleman from Positive Lending Michelle Robinson from Snugg Click here to register: https://lnkd.in/eWwDS3UM

Good to see #retrofit getting some air time on the BBC yesterday morning! Anything to raise awareness about the need to improve the energy efficiency of our housing stock is a step in the right direction. Interesting that the homeowner example was funded by savings - at Snugg we think it's important for all financing options to be presented and considered which is why we have developed the Finance Finder. (Watch from 43 mins) https://lnkd.in/gxugadPZ

Interesting and easy to digest guidance published by the Equity Release Council last week. In short - consumer appetite is increasing and lifetime mortgages have a role to play in funding the retrofit work needed for the UK to achieve net zero. The guidance highlights the need to offer advice and guidance as well as financial incentives. Homeowners should also be made aware of alternative funding options, including government grants and subsidised schemes from energy utilities. Snugg is well placed support any lifetime mortgage provider with all of the above - embedding details of a Retrofit Lifetime Mortgage Product in to an end to end customer journey. The full report is linked in the comments below.

✨ Spotlight on Robin Peters and Snugg ✨ Robin Peters, co-founder and CEO of Snugg, has emerged as a significant voice in the FinTech and #environmental #sustainability space. With a background that includes setting up the #digital arm of Aviva, Peters brings a wealth of experience to his latest venture, Snugg—a platform dedicated to making home energy efficiency accessible and affordable. Founded in 2022, Snugg was born out of Robin Peters' desire to tackle #climate #change, a mission inspired by his daughter's concerns about the environment—surely, a future leader in the making! The platform offers UK homeowners a personalised plan to improve their home's energy efficiency, potentially saving them significant amounts on energy bills while also increasing property values. Snugg differentiates itself by providing unbiased advice, connecting users with trusted local installers and available grants, all tailored to the specific needs of each home. This approach not only supports individual homeowners but also aligns with the broader goal of reducing the UK’s carbon emissions from residential properties, which account for over 20% of the nation’s total #CO2 output. Noteworthy achievements of Snugg ⤵ - The company won the Best FinTech Collaboration 2023 award at the Scottish Financial Technology Awards. This award was given in recognition of their collaborative work with TSB Bank, highlighting the impact of their innovative approach to improving home energy efficiency through FinTech. - Successfully formed partnerships with influential organisations, including major financial institutions like the Scottish Building Society and TSB Bank. These partnerships enhance the platform’s ability to offer tailored energy efficiency solutions and financial support to a broader audience. - Secured significant government funding, including a £171,000 grant from the Green Home Finance Accelerator (GHFA). This funding has been crucial in developing Snugg’s new Green Home Hub, a digital platform designed to work with banks and energy providers to help homeowners improve their energy efficiency. Snugg’s research has demonstrated the potential financial impact of energy efficiency improvements on home values. For example, improving a home’s energy efficiency can increase its market value by over £15,000. This insight highlights the platform’s dual benefit of reducing energy costs and enhancing property values Robin Peters and the Snugg team are at the core of a movement that blends financial technology with environmental responsibility, driving meaningful change in the way people think about and manage home energy efficiency. Simply put, they're the Climate Avengers! ⭐ You can check out Robin's profile, by clicking the link at the comments section. Sophie Leang

We’re delighted that Snugg has been shortlisted alongside so many other great fintechs for The Scottish Financial Technology Awards! DIGIT.FYI

We are thrilled to announce that Matt Ferretti has joined the Snugg team as our new Growth Advisor. With a distinguished career in retail banking and mortgages, Matt has held senior positions at both Santander and Lloyds. Most recently, as Head of Partnerships at the Green Finance Institute, he collaborated with lenders to create innovative finance solutions supporting homeowners to invest in retrofits. Matt also led pioneering projects with Local Authorities, including a notable partnership with the Greater Manchester Combined Authority. At Snugg, Matt will be supporting us to expand our proposition, helping banks and building societies simplify the journey to more energy-efficient and sustainable homes, at scale. Welcome aboard, Matt!