A Perseus Steering Group was convened on 2026-05-18. Co-chaired by Innovate Finance and Icebreaker One, the Perseus Steering Group includes major trade associations that represent stakeholders, UK Government and international observers. It plays a critical role in engagement, dissemination, and fostering trust in decision-making.
Date: Monday 18 May 2026 13:00-15:00 BST
Location: online and in person
Co-Chairs: Gavin Starks (IB1); Adam Jackson (Innovate Finance)
Secretariat: IB1
Meeting Aims
- Review the emergent use cases and Perseus as a proof point
- Agree on the go to market plan and addressable market
- How to engage FCA to turn greenwashing regulation into an opportunity
- Ensure our communications are consistent and reflect an agreed collective position
Summary:
- It was agreed that:
- Perseus should continue its focus on ‘doing one thing well’ in 2026: delivering 5 SME case studies by the end of 2026.
- The Q3 meeting (July 27th) will act as a key checkpoint ahead of the November meeting to assess whether year-end case study delivery is on track.
- ‘Perseus for Domestic’ should be explored in a contained way so it does not distract from the core SME focus.
- SG members should increase communications activity on Perseus, with IB1 providing tailored support, with priority outreach to identified members.
- It was noted that:
- The Perseus member ecosystem now includes sufficient scope and reach to support an addressable market of over 1M UK SMEs.
- At least one FSP is actively developing a higher-rate savings product tied to verified carbon intensity reductions: this is an example of live commercial product development within the membership.
- Early FCA conversations are positive. IB1 has submitted a briefing note and will continue to engage.
- Additional DOC members with governance or data expertise are requested.
- It was discussed that:
- Perseus could be extended into domestic property use cases, particularly aligned to warm homes, retrofit and open property data. This could provide a timely collaboration between the Open Property Data Association, Open Banking Limited, and Perseus.
- A blurred line exists between domestic and business energy use for home-based and hybrid-working SMEs, and there will be sensitivities around data sharing.
- Perseus supports different strategic and communications priorities, including energy security and affordability, resilience, transition planning, adaptation and cost-reduction.
- The incentives for SMEs will vary based on their circumstances (e.g. cheaper finance, preserved access to capital, lower reporting burden, and combinations of these).
Next meeting: Monday 27 July 2026 13:00-15:00 BST
Formal records, including attendees, are maintained by the secretariat.
These are confidential to the Steering Group Members.