Kinovo PLC (AIM:KINO, OTC:BILBF) has received a direct award with an anticipated value of £4.8 million over 19 months through The Greener Futures Partnership's Decarbonisation Framework.
This marks Kinovo's first direct award following the specialist property services group’s placement on the GFP Framework first announced in May.
The framework comprises five housing associations and over 300,000 homes, representing 9% of the total social housing market.
Kinovo's two sub-lots cover two of the framework's five geographic regions, namely London plus the south and east of England.
In March, the GFP was awarded £40.4 million from Wave 2.1 of the government's Social Housing Decarbonisation Fund, which will be match funded by GFP by at least the same value.
The GFP anticipates a total investment value of around £95 million between 2023 to 2025.
Under the direct award, Kinovo will undertake whole-house retrofit energy efficiency works for approximately 200 properties, starting from September.
David Bullen, chief executive of Kinovo, commented: "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."
As a result of recent direct award wins, Kinovo has invested further in its renewables pillar by hiring a fully qualified retrofit assessor and co-ordinator as retrofit lead, alongside a technical co-ordinator and retrofit liaison officer.