Green Deal Finance Company funding to end

Source: GOV.UK

Energy and Climate Change Secretary Amber Rudd has announced today (July 23) that there will be no further funding to the Green Deal Finance Company, in a move to protect taxpayers.

The Government will work with the building industry and consumer groups on a new value-for-money approach.

Amber Rudd also announced that the Government will stop any future funding releases of the Green Deal Home Improvement Fund.

Future schemes must provide better value for money, supporting the goal of insulating a million more homes over the next five years and the Government’s commitment to tackle fuel poverty.

This decision has no impact on existing Green Deal Finance Plans or existing Green Deal Home Improvement Fund applications and vouchers.

Amber Rudd said:

“We are on the side of hardworking families and businesses – which is why we cannot continue to fund the Green Deal.

“It’s now time for the building industry and consumer groups to work with us to make new policy and build a system that works.

“Together we can achieve this Government’s ambition to make homes warmer and drive down bills for 1 million more homes by 2020 – and to do so at the best value for money for taxpayers.”

Read more on this story at GOV.UK