Chancellor supports green home improvements
Chancellor Rishi Sunak announced this week that homeowners will receive vouchers of up to £5,000 for insulation and energy-saving home improvements.
Set to launch in September, the £2bn Green Homes Grant will be used to improve the energy efficiency of existing housing and other buildings, reduce fuel bills and create green jobs, as part of a longer-term strategy to meet the Net Zero 2050 carbon emissions target.
In a statement, the Insulation Manufacturers Association said, “We cautiously welcome the government announcement, which is an essential step towards the improvement of existing housing. Good insulation, properly installed, is the most cost-effective way to save energy in homes and buildings.
“However, this one-year retrofit scheme has a limited time-frame and cannot simply be a one-off. It is crucial that further incentives for energy saving are planned and introduced immediately this one comes to an end. As with all these initiatives, the devil will be in the detail.”