£2 billion fund to drive home energy efficiency improvements | News

£2 billion fund to drive home energy efficiency improvements

The UK government has announced a £2 billion package to fund ‘green home improvements’ and drive economic growth in England.

Chancellor Rishi Sunak will this week reveal plans to issue vouchers worth up to £10,000 to help people make their homes more energy efficient.

According to the government, the ‘landmark scheme will support thousands of new and existing jobs and help slash energy bills across the country’.

Part of the Green Homes Grant scheme, eligible homeowners will receive vouchers to pay for efficiency measures such as loft, wall and floor insulation ‘that could save some up to £600 a year on their energy bills’.

The government believes the scheme – which will see grants of up to £5,000 issued, and up to £10,000 for the poorest households – could support ‘over 100,000 green jobs’.

English households that successfully apply for the fund will see at least two thirds of the costs of their energy efficiency improvements covered, while those ‘on the lowest incomes’ won’t have to pay anything.

Rishi Sunak said: “As Britain recovers from the outbreak it’s vital we do everything in our power to support and protect livelihoods across the nation.

“Our Green Homes Grant will not only cut families’ bills by making their homes more energy efficient, it will also kick start our economy by creating thousands of green jobs – and supporting those skilled tradespeople who are ready to work.”

The scheme opens for online applications in September, and homeowners will be recommended eligible energy efficiency measures along with local accredited suppliers, with vouchers issued once an accredited supplier has provided a quote and the work approved.

The government says the scheme is part of a ‘wider £3bn government plans to reach the target of Net Zero emissions by 2050 and tackling climate change’.