The current energy crisis is having an effect on everyone, coupled with the rising cost of living. Living without mains gas can be expensive. For those who are buying home heating fuel in bulk, a council-funded loan may be an alternative solution to spread the cost.
Sedgemoor District Council work in partnership with Lendology CIC, a Social Enterprise lender, to provide council funded 0% Bulk Buy Fuel loans to homeowners, social tenants, and private tenants to spread the cost over the winter months. Passionate about tackling fuel poverty, they provide finance to a wide range of people, including those who may not be able to use mainstream finance providers.
The loan can be used to purchase oil, gas, wood or other bulk-buy fuel sources and is repayable over six to twelve months. Lendology encourage residents to save alongside the loan where possible to create resilience in paying for the next bulk purchase and to use local bulk-buy schemes to save money.