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20 questions with… Matt Dredger, CEO of Borroclub.



Borroclub recently won a share of a £72,484 initial investment from Innovation Birmingham’s Low Carbon Accelerator programme, which is part of the European-funded Climate-KIC initiative. We put Borroclub CEO, Matt Dedger, in the “20 questions with…” hot seat.

We want the world to be as blue and green tomorrow as it was yesterday. What’s your mission?

My mission is to unlock £92bn worth of items that are lying idle across homes in the UK.  Borroclub offers our members the opportunity to post their items to an online sharing platform for others to borrow.  It could be anything from a drill, roof box to a handbag.

We form part of the growing sharing economy & are at the heart of the circular economy.  We want to connect people in local communities, which in turn will reduce Co2 by mobilising items that would otherwise be lying idle.  We have partnered with charities to offer them a new fundraising stream via supporters who choose to donate their lend fee to the charity rather than keep it themselves.

With over 26m homes in the UK combined with stats showing that a UK garage contains on average £3,500 worth of items (and this doesn’t include the car), we have the potential to unlock £92bn of idling assets.  We help families to access items they need to use but do not necessarily have the funds to purchase that item outright.  At the same time helping families to generate some supplementary income for their household.

When you were a child, what did you want to be when you grew up?

I wanted to be an architect.

How would your friends describe you?

Fun, out going, dependable.

What was your ‘road to Damascus moment’ in terms of sustainability?

When I was clearing out my garage getting ready for a car boot sale and I realised how much stuff I had accumulated that I hardly used and I knew people were going out to the shops to purchase the same items and I realised that they could use my items.

Who or what inspires you?

My kids inspire me as they are so committed to their own endeavours but are really keen to support my wife and myself.

What really grinds your gears?

People who do not listen and are too wrapped up in their own self-importance.

Describe your perfect day.

A day’s body boarding with my kids in Devon.

What do you see when you look out your window at home? 

Lots of cars driving… too many.

What do you like spending your money on?

Days out or holidays with my family.

What’s your favourite holiday destination?

Woolacombe in Devon.

What’s your favourite book?

I don’t really read books, I prefer to listen to podcasts

What’s your favourite film?

This is a real tough one, its difficult to choose between Jaws/Star Wars

You’re elected prime minister with a thumping majority. What’s the first thing you do?

Create a fairer tax system and go after the biggest tax evaders.

If you were stuck on a desert island, which famous person would you like to be stuck with and why?

Paul Weller, I love his music and he can teach me how to play for the guitar.

What was the best piece of advice you have ever been given? And the worst?

Best: Always be open and listen to others

Worst: I cant remember as I choose to forget bad advice.

What’s your biggest regret?

Not starting Borroclub sooner.

What one thing would you encourage readers to do to make their life more sustainable?

Consume less, do you really need that thing you want to purchase whether its goods or food etc.

What’s the one idea that you think could change the world for the better?

Share more

What’s your favourite quote?

You’re gonna need a bigger boat (Brody from Jaws)

What would you like to be doing five years from now?

Taking Borroclub into Europe

And the bonus questions:- How would you like to be remembered? – What will they carve on your gravestone?

I would like to be remembered as a good dad/husband. No gravestone I don’t want to take up the space.

What is the one question you wanted us to ask you and didn’t?

Who let the dogs out?


Report: Green, Ethical and Socially Responsible Finance



“The level of influence that ethical considerations have over consumer selection of financial services products and services is minimal, however, this is beginning to change. Younger consumers are more willing to pay extra for products provided by socially responsible companies.” Jessica Morley, Mintel’s Financial Services Analyst.

Consumer awareness of the impact consumerism has on society and the planet is increasing. In addition, the link between doing good and feeling good has never been clearer. Just 19% of people claim to not participate in any socially responsible activities.

As a result, the level of attention that people pay to the green and ethical claims made by products and providers is also increasing, meaning that such considerations play a greater role in the purchasing decision making process.

However, this is less true in the context of financial services, where people are much more concerned about the performance of a product rather than green and ethical factors. This is not to say, however, that they are not interested in the behaviour of financial service providers or in gaining more information about how firms behave responsibly.

This report focuses on why these consumer attitudes towards financial services providers exist and how they are changing. This includes examination of the wider economy and the current structure of the financial services sector.

Mintel’s exclusive consumer research looks at consumer participation in socially responsible activities, trust in the behaviour of financial services companies and attitudes towards green, ethical and socially responsible financial services products and providers. The report also considers consumer attitudes towards the social responsibilities of financial services firms and the green, ethical and socially responsible nature of new entrants.

There are some elements missing from this report, such as conducting socially responsible finance with OTC trading. We will cover these other topics in more detail in the future. You can research about Ameritrade if you want to know more ..

By this report today: call: 0203 416 4502 | email: iainooson[at]

Report contents:

What you need to know
Report definition
The market
Ethical financial services providers: A question of culture
Investment power
Consumers need convincing
The transformative potential of innovation
Consumers can demand change
The consumer
For financial products, performance is more important than principle
Competition from technology companies
Financial services firms perceived to be some of the least socially responsible
Repaying the social debt
Consumer trust is built on evidence
What we think
Creating a more inclusive economy
The facts
The implications
Payments innovation helps fundraising go digital
The facts
The implications
The social debt of the financial crisis
The facts
The implications
Ethical financial services providers: A question of culture
Investment power
Consumers need convincing
The transformative potential of innovation
Consumers can demand change
An ethical economy
An ethical financial sector
Ethical financial services providers
The role of investing
The change potential of pensions
The role of trust
Greater transparency informs decisions
Learning from past mistakes
The role of innovation
Payments innovation: Improving financial inclusion
Competition from new entrants
The power of new money
The role of the consumer
Consumers empowered to make a change
Aligning products with self
For financial products, performance is more important than ethics
Financial services firms perceived to be some of the least socially responsible
Competition from technology companies
Repaying the social debt
Consumer trust is built on evidence
Overall trust levels are high
Payments innovation can boost charitable donations
Consumer engagement in socially responsible activities is high
Healthier finances make it easier to go green
37% unable to identify socially responsible companies
Building societies seen to be more responsible than banks….
….whilst short-term loan companies are at the bottom of the pile
Overall trust levels are high
Tax avoidance remains a major concern
The divestment movement
Nationwide significantly more trusted
Trust levels remain high
For financial products, performance is more important than principle
Socially conscious consumers are more concerned
Strategy reports provide little insight for consumers
Lack of clarity regarding corporate culture causes concern
Consumers want more information
The social debt of the financial crisis
For consumers, financial services firms play larger economic role
Promoting financial responsibility
Consumer trust is built on evidence
The alternative opportunity
The target customer

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A Good Look At How Homes Will Become More Energy Efficient Soon




energy efficient homes

Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.

There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.

1. The Rise Of Smart Windows

When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.

If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.

2. A Better Way To Cool Roofs

If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.

Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.

3. Low-E Windows Taking Over

It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.

They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.

4. Magnets Will Cool Fridges

Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.

The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.

5. Improving Our Current LEDs

Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.

That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.

Maybe Homes Will Look Different Too

Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.

ShutterStock – Stock photo ID: 613912244

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