Green Homes Grant: £2bn insulation scheme could support over 100k jobs


17/07/2020
by: Mary-Anne Bowring/UK Investor Magazine

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Green Package Benefits

As part of the government’s ‘mini budget’ on Wednesday, Chancellor Rishi Sunak confirmed pundits’ predictions by announcing a ‘Green Package’, the bulk of which came in the form of a £2 billion home insulation scheme. The scheme, under the ‘Green Homes Grant’ will see the government pay at least two thirds of the cost of energy-efficient home improvements.

The Treasury expects the scheme to support in excess of 100,000 jobs, as demand for home improvements rises with the government grant being put in place. Consumers can expect to see the scheme online from September, with details of accredited local suppliers and applications for the recommended energy efficiency measures. Speaking on the insulation scheme announcement, Ringley Managing Director, Mary-Anne Bowring commented:

“This is a vital policy that will make homes greener and cheaper to run and so today’s vouchers for home insulation are welcome news.” “The UK’s housing stock is some of the oldest in Europe and this is not just bad for the environment but bad for our health too, with too many properties suffering from problems with damp and cold. “It is important the government’s voucher scheme covers renters, especially as homes in the private rented sector tend to be older.”

https://ukinvestormagazine.co.uk/green-homes-grant-2bn-insulation-scheme-could-support-over-100k-jobs/


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