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30/09/2020

Govt Announces £3bn Plan To Upgrade Buildings

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The UK Government has announced a £3 billion plan to upgrade buildings across England.

Homeowners can sign up for big savings on upgrades to their homes under the government's £2 billion Green Homes Grant, with an additional £1 billion announced to improve the energy efficiency of publicly owned buildings.

The Green Homes Grant scheme will see the government fund up to two-thirds of the cost of home improvements up to £5,000. Those homeowners with low-incomes, including those on certain benefits, are eligible for a grant covering up to 100% of the cost of works up to £10,000. The scheme will improve the energy efficiency of over 600,000 homes.

Grants will be offered to cover green home improvements ranging from insulation of walls, floors and roofs, to the installation of double or triple glazing when replacing single glazing, and low-carbon heating like heat pumps or solar thermal - measures that could help households save up to £600 a year on their energy bills.
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It will cut people's energy bills and carbon emissions, whilst also supporting over 100,000 jobs in green construction for local plumbers, builders and tradespeople across the UK.

The launch of the Green Homes Grant forms part of a wider plan to upgrade the nation’s buildings expected to support an additional 120,000 jobs, which also includes:

• £1 billion to boost the energy efficiency of public buildings, including schools and hospitals through a Public Sector Decarbonisation Fund

• new measures to ensure nearly 3 million privately rented homes are upgraded to modern energy efficiency standards by 2028

• £50 million to improve the energy efficiency of social housing.

Business and Energy Secretary Alok Sharma said: "Our plan to upgrade the nation’s buildings and help build back better is good news for jobs, the environment and people’s back pockets, as we reduce emissions and help cut energy bills.

"I urge everyone to visit the Green Home Grants website to see how they can make the most of this fantastic scheme."

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