AgilityEco’s mission is to play a major role in eliminating fuel poverty, to deliver better outcomes for low income and vulnerable families and households, and to prepare Britain’s homes for Net Zero. More than 10% of households in the UK live in fuel poverty. The company plans, manages and delivers innovative services to provide practical support with energy efficiency, utility bills, household finances and vulnerability.
AgilityEco’s services are primarily funded by utility companies that rely on AgilityEco to fulfil their social and environmental obligations. AgilityEco works closely with local authorities, housing providers and charities to reach those most in need and delivers these services through its carefully chosen national network of trusted and experienced energy efficiency partners.
BVCA Vision 2022: London and South East Winner
In 2019 Bridges Evergreen invested in AgilityEco, holding similar values and a social impact ethos to help the company achieve its long-term growth plan. Bridges Evergreen, a specialist patient capital vehicle managed by Bridges Fund Management, supports the growth of businesses that deliver positive social or environmental impact and enjoy commercial success. Bridges has been investing in businesses that support the transition to a more inclusive and sustainable economy for 20 years.
Bridges’ investment has enabled AgilityEco to scale and diversify its services and product offering quickly and organically, to build organisational and analytical capacity, and to deliver more social impact to fuel poor households across the UK. With Bridges’ expertise and funding, AgilityEco has created value across commercial, impact, human capital verticals, and financial: from new C-suite hires and services to impact reporting and an Employee Benefit Trust/Share Incentive Plan, underpinning impressive CAGR growth.
With extensive knowledge and experience and a strong partner network, AgilityEco plans, manages and sources funding for energy efficiency and carbon reduction projects, providing fully funded services to low income and vulnerable households. The organisation holds a unique coordinating role for a wide partnership of organisations across the public, private and third sectors that utilises financing from utility companies, government, and other funders, to support low-income households to reduce energy bills.
In 2021 AgilityEco saved an estimated £200 million worth of total lifetime bills for vulnerable households and supported over 44,000 households across the UK with an enviable customer satisfaction rating of 9/10. The company has a robust D&I strategy developed in conjunction with a specialist external D&I consultancy and their Impact Report is published annually. The business is in the process of certifying as a B Corporation.
AgilityEco was recognised for their exceptional performance in 2021 as part of our ‘Vision 2022’ initiative. Vision 2022, produced in collaboration with Grant Thornton, shines a light on the best management teams backed by the BVCA’s private equity and venture capital members.
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