£10.00 per hour plus £1.21 holiday pay
28 Apr 2021

Role & Department Overview

R&D Internship Work Package 1: Develop retrofit menus needed to increase the energy efficiency of the building types found in CCB’s portfolio to specific energy performance levels

Cambridge & Counties Bank (CCB) is a UK bank that specialises in providing lending and deposit products for Small and Medium Enterprises (SMEs). The Bank lends to experienced commercial and residential property investors as well as to owner occupied businesses to invest in their own commercial premises. CCB recognises it needs to embed climate change risk across all its operations, especially with regard to credit risk management and its Credit Grading Model, which it uses to assess loan applications.

Through a collaboration between Lancaster University Management School (LUMS) and Faculty for Science & Technology (FST), CCB are providing three paid internships (to be run alongside one another) to help them develop their understanding of how climate change could impact the bank’s business. The internships are as follows:

  1. Develop retrofit menus needed to increase the energy efficiency of the building types found in CCB’s portfolio to specific energy performance levels.
  2. Analysis and forecasting of real estate energy performance regulation pathways to the 2050 net-zero target.
  3. Econometric forecasting of general financial variables (interest rates and inflation) as well as construction- and real-estate sector price inflation 10 years into the future and beyond, incorporating demographic and globalisation trends.

This opportunity is for Internship 1.

Application Closing Date: Wednesday 28th April
Interview Date: w/b Tuesday 4th May
Job Start Date: Mid-May (TBC)
Job End Date: Friday 27th August (estimated – potential for work to extend beyond this date)
Working Pattern: 15-20 hours per week on average
Pay Rate: £10 per hour, plus holiday pay.

To apply, please see instructions after the Person Specification below.

Job Description

This R&D internship will involve the development, for specific representative categories of building (chosen as being particularly relevant to CCB’s current and future portfolio), the types of technical improvements (retrofits) needed to achieve specific energy performance thresholds, and their costing.

Ideally, this would require someone with an environmental and/or engineering background who is competent in thermal conductivity/resistivity calculations for common building materials. Interest in and knowledge of building architecture would be an advantage.

For each building type in CCB’s portfolio, this work will supply a menu of retrofits needed to achieve specific target rungs in an ascending ladder of GHG-efficiency (as typically gauged in Energy Performance Certificates). The work will involve:

  • An Induction by CCB covering: CCB’s property portfolio; the data the company holds on the buildings in its portfolio; and the company’s existing Credit Grading Model.
  • An introduction to the CRREM tool by Dr. Kim Kaivanto, Senior Lecturer (MSc Money, Banking & Finance) in Economics at LUMS
  • Segmentation of the buildings present in CCB’s portfolio into categories for which energy performance retrofit ‘menus’ may be developed.
  • For each category of building in CCB’s portfolio, the development of retrofit menus for raising the energy performance to each of the EPC-rating categories.
  • The costing of these retrofit menus.
  • Summary report on the energy performance of CCB’s portfolio, containing key findings and recommendations.
  • Integration of the retrofit menus and costings into the CRREM spreadsheet tool. https://www.crrem.eu/.

The successful candidate will also be provided with access to Energy Assessor training packages in relation to Energy Performance Certificates.

Person Specification

Key Skills/Knowledge Required

To be successful in this role, you will need:

  • An interest in and understanding of energy performance retrofitting technologies and their applicability to a range of building types
  • Familiarity with and competence in the calculation of thermal conductivity “R-values” and thermal resistance “U-values” for common building materials. Else passing EPC training (provided) will be a pre-requisite to commencing on the project.
  • Familiarity with the use and development of spreadsheet tools.
  • Excellent communication skills
  • Excellent teamworking skills (as the work will be carried out alongside two other complementary internships)
  • Accurate and clear written skills when producing reports.
  • Strong organisational skills.

Skills Developed

Working in this role will help to develop the following skills and experience:

  • Quantification of building energy performance
  • The design and costing of energy-efficiency retrofit packages for common building types
  • Business development
  • Commercial awareness
  • Knowledge sharing
  • Teamworking
  • Multi-tasking
  • Planning and organising
  • Problem solving
  • Research
  • Written and verbal communication.

To meet COVID restrictions this is a remote working internship, expected to start mid-May. Research organised around course requirements with a weekly online project contact meeting. Dr. Kim Kaivanto and the company partner will provide ongoing communication and support.

Due to commercial data considerations, applicants must be resident in the UK.

If you are interested in applying, please submit a cover letter (2 pages A4 max) describing why you are interested in this role and the key skillsets you will bring to the role and email to Simon Hallam (s.hallam1@lancaster.ac.uk ) by Wednesday 28th April.

If you have any questions about the role please contact Dr. Kim Kaivanto of LUMS (k.kaivanto@lancaster.ac.uk) or Andy Tovey, Head of Credit Risk Monitoring & Control at CCB (Andy.Tovey@ccbank.co.uk).


You are required to submit a cover letter to support your application. Applications without a cover letter will not be considered.

Under the terms of this work, we endeavour to provide the advertised number of hours however, hours are not guaranteed and that work may cease if there is a fall in demand.

Adverts that display a closing date should be treated as a guide. We reserve the right to close the vacancy once we have received sufficient applications, so we advise you to submit your application as early as possible to prevent disappointment.

Help and advice on making applications can be found on the Lancaster University Careers pages. Visit www.lancaster.ac.uk/careers.