Propflo secures £860k to develop ‘Retrofit-as-a-Service’ for mortgage industry

Propflo secures £860k to develop ‘Retrofit-as-a-Service’ for mortgage industry

Bath, December 12th, 2023. Propflo, an award winning AI property platform, has been awarded over £860,000 by Innovate UK to further develop advanced data-driven portfolio approach to net zero and scale its ‘Retrofit-as-a-Service’ solution for lenders, intermediaries and estate agents. This funding is part of a highly competitive £5m two-phase programme on Net Zero Heat and is due to run until March 2025.

Pictured: Luke Loveridge, CEO (left), Daniel Moyo, Chief Data Scientist (Right)

The primary focus of the project will be developing Propflo’s portfolio AI insights and linking these to its retrofit one-stop-shop (GreenVal) and its ongoing engagement platform (HomeHub). The goal is for lenders, intermediaries and estate agents to have everything they need to support their customers to retrofit their properties in a streamlined and joined up process.

A key part of the project will be testing a model for mortgage intermediaries who play a trusted role in advising homeowners and are forecast to be responsible for 90% of mortgage distribution in 2024. Habito was recently the first mortgage intermediary to launch a retrofit tool – GreenVal – and will now be the primary partner testing the end-to-end solution.
Other partners on the project include:

  • Action Net Zero: A sustainability social enterprise facilitating homeowner engagement to ensure no vulnerable households are overlooked.
  • Propcert: A leader in EPC assessments, partnering with Propflo to provide the Enhanced EPC and facilitate the installation of smart home technology for verification and monitoring.
  • A variety of improvement suppliers including Glow Green and Aico Homelink.
  • Stakeholders including mortgage lenders, intermediaries and estate agents who will take part in the learning and scale up of the solution.
"The UK’s £200bn retrofit challenge is a national priority; not only to meet our legally binding carbon targets and reduce energy bills, but to ensure our national energy security, improve health outcomes, and boost affordability in the housing market. This collaboration between innovative partners will elevate Propflo's retrofit solution, making it the most sophisticated option for lenders, brokers, and agents.”

About Propflo

Propflo is an award winning data-driven AI platform that supports lenders and property businesses to comply with energy efficiency regulations, meet their climate targets, and then support their customers in their wider ownership journey.

It was founded by proptech entrepreneur Luke Loveridge and geospatial and risk data scientist Dr Daniel Moyo. Its lead investor, Ying Tan, is an industry expert having built and sold one of the largest specialist mortgage brokers in the country. The business has a strong advisory team including the CEO of Yopa Verona Frankish, and Professor Mike Tipping who is a world-leading AI expert.

Innovate UK

Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas.
We connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth.

We fund businesses and research collaborations to accelerate innovation and drive business investment into R&D. Our support is available to businesses across all economic sectors, value chains and UK regions.

Innovate UK is part of UK Research and Innovation.

For more information visit

Small Research Business Initiative (SBRI)

The SBRI programme uses the power of government procurement to drive innovation. It provides opportunities for innovative companies to engage with the public sector and gain contracts to solve specific problems. Competitions for new technologies and ideas are run on specific topics and aim to engage a broad range of organisations. SBRI enables the public sector to engage with industry during early stages of development, supporting project through the stage of feasibility and prototyping.

Propflo: Felix Schraff
Press kit

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