Gov allocates £6bn to support nation’s energy efficiency

Credit: AdobeStock/Alekss
Credit: AdobeStock/Alekss

The government has allocated £6 billion to help reduce energy use in a million families’ homes and hundreds of businesses with solutions such as insulation in a new approach to net zero goals.

In addition to plans for more grants for heat pumps, the government said that around 500,000 homes will receive insulation to help cut heating costs.

The cash boost comes in addition to the £6.6 billion capital funding already committed from 2022 to 2025 and will provide extra help for up to 200,000 families who need it most, such as those in poorly-insulated, low income or social homes.

The announcement also confirms that the government will have committed to spend £12.6 billion by 2028.

Commenting on the announcement, Energy Secretary Claire Coutinho, said: ”Cutting energy bills is my top priority. The funding will help those who are most in need and keep around a million more families warm during winter. 

“Everyone deserves to live in a warm, energy efficient home. We have already made excellent progress with nearly 50% of properties in England now having an Energy Performance Certificate of C – up from just 14% in 2010.”

Chancellor of the Exchequer Jeremy Hunt, added: “Investing in energy efficiency combined with energy security, is the only way to stop ourselves being at the mercy of international gas prices, one of the main drivers of inflation. 

“This investment will support households and businesses across the country to make greener choices in a way that doesn’t add a burden to working people.”

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