All Integrated Home Renovation Service (IHRS) providers, at some point in their lives, are facing the difficult question: How can they ensure the financial sustainability of their model? The question becomes even more burning when the IHRS provider is successfully operating thanks to EU grants that will eventually stop. Or, when public subsidies are not sufficient anymore and the provider wants to diversify and increase its revenues.
In this online meeting of the EU Peers transnational platform, we will shortly introduce the three most common IHRS business models: completely dependent on public funds, IHRS using public and private funds, and IHRS with self-sustainable business models independent of public subsidies. We will then focus on strategies some IHRS providers deployed to succeed in the transition from a ‘test’ model fully dependent on EU grants to a model dependent on local, regional, and national funds and subsidies.
In our future meetings we will dive into two other models: public IHRS diversifying its sources, blending public subsidies with private financing, and a fully private model operating without any public money. In addition, we will address the “natural limit” for public IHRS in the accompaniment along the renovation journey.