Increasing Revenue through Gap Site and Vacancy Incentive Schemes
As the UK’s fastest-growing utilities provider, we onboard thousands of customers a month and we need a data partner we can rely on to source occupiers for vacant premises and gap sites. We’ve been working with Precision for over four years and in that time they’ve identified over 3,800 sites as occupied and submitted applications for over 1,000 Gap sites on our behalf, meaning we’ve increased our revenue by securing over £800,000 of incentive payments from water wholesalers. Precision manages the process for us, making our engagement in these wholesaler schemes a no-brainer
Everflow
Challenges
Identification of Vacant Sites and Gap Sites:
Everflow needed a reliable partner to identify and manage vacant premises and gap sites to ensure eligibility and compliance with the schemes run by water wholesalers. The task involved:
- Data Accuracy: Ensuring accurate and up-to-date data to identify truly vacant sites and gap sites.
- Application Management: Efficiently managing the submission process for applications to wholesalers to secure financial incentives.
- Volume Handling: Managing the high volume of potential sites due to Everflow’s rapid growth and large customer base.
Solutions Provided
Data Accuracy and Validation:
Precision Data Solutions deployed a comprehensive strategy to validate and update data on vacant and gap sites. This involved:
- Data Scrubbing and Enhancement: Utilising advanced data scrubbing techniques and incorporating multiple data sources to enhance the accuracy of site information.
- Expert Trace: Use of Precision’s internal team of experts to ensure the highest standard and confirmation for each submission
Application Management:
Precision Data Solutions streamlined the application process by:
- Automated Systems: Implementing the use of Precision Matchbox for the trace and submission of records by experts to ensure timely and accurate filing.
- Compliance Checks: Performing rigorous compliance checks to ensure all applications met the requirements of the wholesaler incentive schemes.
Volume Management:
To handle the large volume of sites, Precision Data Solutions deploys:
- Scalable Processes: Developed scalable processes to efficiently manage and process large datasets.
- Dedicated Teams: Assigned dedicated teams to focus on different aspects of the project, ensuring meticulous attention to detail and quick turnaround times.
Outcomes
Revenue Generation:
- Secured Incentive: Over 3,800 occupiers identified, and payment secured.
- Gap Site Applications: More than 1,000 gap site applications successfully submitted.
- Financial Impact: Generated over £800,000 in payments received from water wholesalers through the incentive schemes.
Operational Efficiency:
- Streamlined Processes: Everflow’s operations were streamlined, reducing the time and resources spent on managing vacant and gap site identification.
- Enhanced Accuracy: The accuracy of site identification improved significantly, leading to better compliance and fewer errors.
Client Satisfaction:
Everflow expressed high satisfaction with the results, noting the reliability and effectiveness of Precision Data Solutions in managing their engagement with wholesaler schemes.
Results
- £800,000+ of revenue generated through incentive schemes
- 1,000+ Gap Sites found
- 3,800+ vacancy incentives paid
Conclusion
Precision Data Solutions’ partnership with Everflow in the NHH water market exemplifies our commitment to delivering tailored, data-driven solutions that yield substantial financial and operational benefits. By leveraging advanced data techniques and streamlined processes, we enabled Everflow to maximise returns from wholesaler incentive schemes, contributing to their position as a leading utilities provider in the UK.