Qualified advisers answering your
Financial Questions
call 0800 092 1245

More money for energy saving home improvements scheme


The Green Deal Home Improvement fund will receive an extra £100 million funding, a government minister has today announced.

Energy secretary Ed Davy has pledged extra money for the Green Deal, which is aimed at encouraging energy saving home improvements. The scheme offers cashback and incentives on items such as double-glazing, insulation and boilers.

People were invited to apply for funding from the scheme in June this year on a “first come, first served” basis, but the scheme was closed in July after the money for the year ran out.

Due to the first round of applications in 2013 being too complicated, only 1,754 householders signed up. This year, the scheme was revamped and £120 million was set aside, which was quickly snapped up. The Green Deal will now receive an extra £100 million funding on top of this, although the applications for next year are not open yet.

John Alker, of the UK Green Building Council, said: "As temperatures start to drop and households turn up their heating, this additional funding is a timely, but ultimately temporary, solution to encouraging energy efficiency.

"This funding could see us through to the General Election, but what happens after that? All parties must recognise that home energy efficiency is an infrastructure priority, with public investment needed to support the most vulnerable and to create the confidence for the private sector to scale up investment over the long term."

Need financial advice?

If you have any personal finance questions related to this news article, then please contact our financial advisers. You can get in touch by asking a question online, calling us on 0800 092 1245, or by arranging a visit.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details