Solar panels on the top of the roof

£3bn fund for greener homes

The Government has today (Sept 30) announced £2bn of funding towards making homes greener and £1bn towards making publicly owned buildings more energy efficient.

The Green Homes Grant will be used to support homeowners’ ability to reduce their carbon emissions by covering 2/3 of the costs of projects up to £5k.

Certain low income homes will be able to have 100% of the costs covered up to £10k.

Local authorities will be using £1bn of the funding, that makes up part of the Public Sector Decarbonisation Fund, to reduce the energy emissions of publicly owned buildings such as schools and hospitals.

£500m of the of the Green Homes Grant scheme has been assigned for local authorities to provide green home improvements for households with an income of under £30k.

The plans are intended to support approximately 100,000 jobs for tradespeople in green construction.

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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