UK’s Green Deal Home Improvement Fund issues £8.5m during scheme’s first two weeks

Plans for Green Investment Bank

A total of GBP8.5m has been issued to British householders making energy efficient improvements to their homes, during the first two weeks of the Green Deal Home Improvement Fund scheme, the UK government’s Department of Energy & Climate Change (DECC) revealed on Friday.

According to industry estimates, the amount issued in funding from the new initiative represents a surge of GBP6m from the first week, during which GBP2.6m was issued to households in England and Wales that are carrying out energy efficient home improvements from an approved list.

The DECC said a total of 2821 applications have been made for the Green Deal Home Improvement Fund, under which domestic energy customers can get up to GBP1000 for installing two measures from an approved list and/or up to GBP6000 for installing solid wall insulation, as well as up to £100 refunded for their Green Deal Assessment.

In addition, householders who have bought a property in the 12 months prior to application are eligible to qualify for up to an additional GBP500 if they carry out energy efficiency improvements.

Energy and Climate Change Secretary Ed Davey commented:

“We’ve changed the Green Deal to make it simpler and faster for people to make their homes more energy efficient – you could get up to GBP7600 back, straight into your bank account.

“I want as many people as possible to benefit from this unmissable offer. It won’t be around forever, so sign up now and get your home ready for the winter.”

The Department of Energy & Climate Change (DECC) works to ensure that Britain has secure, clean, affordable energy supplies for light and power, heat and transport. In addition to supporting consumers and keeping energy bills down, including through implementation of the Green Deal, it also seeks to mitigate climate change through international action. The government aims to cutting UK greenhouse gas emissions by at least 80% by 2050, including by sourcing at least 15% of the UK’s energy from renewables sources by 2020. The DECC also supports investment in the UK’s energy infrastructure, such as through the Energy Bill, which will set in place the framework to bring forward the GBP110bn that will be required for the electricity infrastructure over the next ten years.

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Comments are closed.

Powered by WordPress