Credit: iStock – Highwaystarz-Photography
Household energy efficiency measures, upgraded schools and hospitals, and ‘green jobs’ will be key planks of the economic recovery, according to Chancellor Rishi Sunak.
His Summer Statement confirmed plans for a new £3bn programme that would make more than 650,000 homes more energy efficient, saving households up to £300 a year on their bills and supporting around 140,000 green jobs.
In addition, £1bn will be spent on improving the energy efficiency of public buildings – such as schools, hospitals and council buildings – and £2bn on a Green Homes Grant. This will give householders access to grants worth up to £5,000 to install energy-saving improvements, such as heat pumps and improved insulation. Starting in September, the grants will cover at least two-thirds of the cost, but the government will issue vouchers covering the full cost of up to £10,000 for low-income households.
Sunak said the scheme would be supported by a £50m fund to help develop the best low carbon heating solutions.