Green Deal boosted by new fund
Government figures show good progress for the Green Deal energy efficiency scheme thanks to the new Green Deal Home Improvement Fund (GDHIF) initiative.
The GDHIF was launched at the start of June to spur interest in the Green Deal, which has been performing below expectations since its own launch last year.
According to government figures, over 1,700 applications for funding were made during the GDHIF’s first full week of operation, with £2.6 million issued.
As part of the GDHIF, households installing energy efficiency improvements through the Green Deal will be eligible for cash payments of up to £7,600. Green Intelligence published full details of the initiative earlier this month.
Ed Davey, energy and climate change secretary, said: “We’ve changed the Green Deal to make it simpler and faster for people to make their homes more energy efficient.
“I want as many people as possible to benefit from this unmissable offer. It won’t be around forever.”
The GDHIF is capped at £120 million, with a review of its current incentives due once the £50 million mark has been hit.
Supply chain guidance
The positive effect of the GDHIF will be felt by the Green Deal supply chain, which now includes over 2,500 accredited energy efficiency installers.
Green Deal installers and providers have to register for the GDHIF in order to offer the initiative to their customers, with guidance available from the Department of Energy and Climate Change (DECC).
Businesses interested in becoming authorised as a Green Deal installer can find more information here.
Posted under Energy Efficiency, Environmental Regulations and Legislation, Environmental Technologies and Renewable Energy, Construction, Energy and Renewables and Environmental Technologies on 24 June 2014