Tuesday 8 July 2014

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

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:

http://www.financial-news.co.uk

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