Homeowners snap up £70m Green Deal energy efficiency funding

Homeowners snap up £70m Green Deal energy efficiency funding

15:17 30 March in News

Latest round of vouchers under popular Green Deal Home Improvement Fund fully allocated after 10 days.

A £70m funding pot to help households to install energy efficiency improvements has been snapped up in less than 10 days. The latest wave of Green Deal Home Improvement Fund (GDHIF) is now fully allocated, the government said today, after opening the tranche of funding on March 16.

An additional £5m, remaining from the second release of GDHIF funds last year, is being made available immediately so householders can continue to apply for funding for energy saving home improvements such as cavity wall insulation, double or triple glazing, and fitting efficient boilers.

The GDHIF offers property owners hundreds of pounds of funding towards the upfront cost of fitting energy efficient measures. Previous awards saw the funding pot burnt through in a matter of days as households rushed to take advantage of the grants.

Energy and Climate Change Secretary Ed Davey said: “The Green Deal Home Improvement Fund is extremely popular, and the third release has proved no exception. Thanks to this scheme some of the country’s leakiest homes will be warmer and cheaper to heat – permanently.”

Money for GDHIF is part of over half a billion pounds allocated for household energy efficiency between 2014 and 2017. It runs in parallel with the government’s flagship Green Deal and ECO energy efficiency schemes, which have improved over a million homes across the country.

The GDHIF has been credited with providing a significant boost in the number of households taking part in the Green Deal financing scheme, with the Green Deal Finance Company reporting last month that over 10,000 households applied for or have already taken out Green Deal plans.

However, green groups maintain changes to the government’s energy efficiency policies during this parliament have actually decreased the number of households installing energy efficiency measures.

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