Rishi Sunak is set to announce a £2bn Green Homes Grant.
It will pay at least two thirds of the cost of home improvements that save energy. The scheme is due to launch in September, with online applications for recommended energy efficient measures. An accredited local supplier will provide a quote, the work will be approved and a voucher issued. The vouchers are expected to be worth up to £5,000 and will both boost the economy and work towards achieving the governments zero carbon emissions target by 2050.
The Green Homes Grant is part of a wider £3bn “green investment” package due to be announced in the chancellor’s summer economic statement tomorrow.
Rishi Sunak commented in the Commons today, that the government has committed to a £600bn investment programme over the remainder of this parliament to tackle the climate crisis. He said “we believe in a green revolution and will provide the capital to make that happen”.