Train4TradeSkills News: Government launch £200m scheme to improve energy efficiency
The government’s plan to improve the energy efficiency of millions of homes in Britain will pump £200 million of new investment into the building industry and give confidence to businesses.
Danny Alexander, Chief Secretary to the Treasury, committed the cash with the aim of encouraging early adopters to take up the energy efficiency scheme for a ‘greener’ and more energy efficient future.
The Treasury will pump the cash into a special time-limited ‘introductory’ offer to boost the early take up of the Government’s Green Deal energy scheme.
Further details of how the funding will be used are going to be announced next year as the Government assesses how best to stimulate early take up to the scheme. The plan is expected to improve the energy efficiency of 14m homes across Britain.
Energy and Climate Change Secretary Chris Huhne said: “This big injection of Government funding delivers on our promise to ensure the Green Deal hits the ground running, and make it as attractive as possible so that people start to benefit from day one.”
As part of the Green Deal, from October 2012 homeowners will be able to take a loan to install insulation or other energy-saving measures to help the environment.
The Government hopes the Green Deal will kick start around £14bn of private sector investment over the next decade – with new safeguards to help small family firms as well as big high street names get involved in the Green Deal. The Scheme could support at least 65,000 insulation and construction jobs by 2015.
Every British home and business will be able to install packages of energy saving technologies such as insulation at no upfront cost with repayments made over time out of the energy savings.
More corporate influence will be given to energy companies which will be required to provide support with an estimated value of £1.3bn a year to ensure everyone is able to benefit from the Green Deal.
Additional help will be available to ensure the “fuel poor” get better boilers and fix draughty homes while subsidy will also be provided to help tackle homes that are hard to insulate, including solid wall homes.
What do you think about the government’s plans for the Green Deal? Let us know what you think and comment below or on the Train4TradeSkills Facebook page.
Posted on November 25, 2011, in construction jobs, construction news, Green Deal, Renewable Energy, t4ts, train4tradeskills and tagged Business, Chris Huhne, economy, efficiency, energy, Government, green deal, t4ts, train4tradeskills. Bookmark the permalink. 1 Comment.