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Chancellor to announce voucher scheme for home insulation

The Green Homes Grant, to be announced by the Chancellor of the Exchequer this week, will give hundreds of thousands of homeowners vouchers of up to £5,000 for energy-saving home improvements, a move which the Treasury hopes will help to support more than 100,000 jobs in the industry.

Rishi Sunak is due to set out a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut carbon emissions.

Under the Green Homes Grant, the government will pay at least two-thirds of the cost of home improvements that save energy, the Treasury said.

For example, a homeowner of a semi-detached or end-of-terrace house could install cavity wall and floor insulation for about £4,000 – the homeowner would pay £1,320 while the government would contribute £2,680.

The scheme will launch in September, with online applications for recommended energy efficiency measures, along with details of accredited local suppliers. Once one of these suppliers has provided a quote and the work is approved, the voucher is issued.

 

About Fiona Russell-Horne

Fiona Russell-Horne
Editor-in-Chief across the BMJ portfolio.

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