Government boosts energy efficiency spending to £1.3bn with extra funding for green homes
£300 million of extra funding is to be invested to cut greenhouse gas emissions from the nation’s homes through energy efficiency and low carbon heating schemes.
The funding will focus on delivering energy saving upgrades and low carbon heating to homes through local authorities in England, meaning tens of thousands more low-income households will be able to be upgraded.
Following a review, the Green Homes Grant Voucher Scheme launched last year will close to new applications on 31 March at 5pm. The scheme was designed to provide a short-term economic boost while tackling our contribution to climate change. Applications made before the end of March deadline will be honoured and any vouchers already issued may be extended upon request.
Today’s announcement takes the total government funding for energy efficiency and low carbon heating in 2021/22 to over £1.3 billion, with the remainder of the funding having been pledged through the decarbonisation fund. This is up from the £1 billion announced in the Prime Minister’s Ten Point Plan and exceeds the Government’s manifesto commitment in these early years of the parliament.
Home upgrades can help households save over £300 a year on their energy bills. This announcement is part of the Government’s manifesto commitment to pledge over £9 billion to increase the energy efficiency of homes, schools and hospitals to work to build back greener, which will support around 58,000 jobs.
Business and Energy Secretary Kwasi Kwarteng said: “Upgrading the country’s homes with energy efficiency measures means we can cut emissions and save people money on their energy bills.
“Today’s funding boost will mean even more households across England are able to access these vital grants through their local authority.
“This latest announcement takes our total energy efficiency spending to over £1.3 billion in the next financial year, giving installers the certainty they need to plan ahead, create new jobs and train the next generation of builders, plumbers and tradespeople.”