diff --git a/tsfc/fem.py b/tsfc/fem.py
index abc8bc7cb8..76b56140f6 100644
--- a/tsfc/fem.py
+++ b/tsfc/fem.py
@@ -3,7 +3,7 @@
 
 import collections
 import itertools
-from functools import singledispatch
+from functools import cached_property, singledispatch
 
 import gem
 import numpy
@@ -18,7 +18,6 @@
 from gem.node import traversal
 from gem.optimise import constant_fold_zero, ffc_rounding
 from gem.unconcatenate import unconcatenate
-from gem.utils import cached_property
 from ufl.classes import (Argument, CellCoordinate, CellEdgeVectors,
                          CellFacetJacobian, CellOrientation, CellOrigin,
                          CellVertices, CellVolume, Coefficient, FacetArea,
@@ -42,6 +41,8 @@
                             TSFCConstantMixin, entity_avg, one_times,
                             preprocess_expression, simplify_abs)
 
+from pyop2.caching import serial_cache
+
 
 class ContextBase(ProxyKernelInterface):
     """Common UFL -> GEM translation context."""
@@ -296,6 +297,12 @@ def point_expr(self):
     def weight_expr(self):
         return self.quadrature_rule.weight_expression
 
+    def make_basis_evaluation_key(self, finat_element, mt, entity_id):
+        domain = extract_unique_domain(mt.terminal)
+        restriction = mt.restriction
+        return (finat_element, mt.local_derivatives, domain, restriction, entity_id)
+
+    @serial_cache(hashkey=make_basis_evaluation_key)
     def basis_evaluation(self, finat_element, mt, entity_id):
         return finat_element.basis_evaluation(mt.local_derivatives,
                                               self.point_set,
diff --git a/tsfc/kernel_interface/common.py b/tsfc/kernel_interface/common.py
index df7e879f09..5cb2096961 100644
--- a/tsfc/kernel_interface/common.py
+++ b/tsfc/kernel_interface/common.py
@@ -1,7 +1,7 @@
 import collections
 import operator
 import string
-from functools import reduce
+from functools import cached_property, reduce
 from itertools import chain, product
 
 import gem
@@ -13,7 +13,6 @@
 from gem.node import traversal
 from gem.optimise import constant_fold_zero
 from gem.optimise import remove_componenttensors as prune
-from gem.utils import cached_property
 from numpy import asarray
 from tsfc import fem, ufl_utils
 from tsfc.finatinterface import as_fiat_cell, create_element