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Market for greener homes worth £3.5bn

There’s a market worth £3.5 to £6.5bn out there for builders, builders merchants and building product suppliers to tap into, if the UK homeowner was encouraged to be greener, according to a report by the Federation of Master Builders (FMB).

Market for greener homes worth £3.5bn

The report ‘Building A Greener Britain-Transforming Britain’s Housing Stock’ was commissioned by the FMB from the Environmental Change Institute, at Oxford University. It states that if the UK developed policies, skills programmes, and financial incentives to upgrade existing housing stock to make it greener and more energy efficient, the work generated could amount to between £3.5bn and £6.5bn. Not only would a refurbished housing stock help reduce escalating household energy bills, it would also make a real difference to climate change.

Among the recommendations are:

· New government housing policy to demonstrate its commitment to low-carbon refurbishment of existing homes, so that manufacturers and suppliers can invest with confidence in the development of the necessary supply chains

· Cut VAT from 17.5% to 5%on housing refurbishment across the UK as soon as possible.

· Introduce Council Tax rebates to promote energy efficient homes

· Introduce a feed-in tariff to stimulate greater uptake of micro-generation technologies

· Review of Energy Performance Certificates to improve accuracy and reliability

· Energy efficient work to be carried out at the same time as other refurbishment work.

The FMB’s campaign, Building a Greener Britain is backed by the Prime Minister, David Cameron MP and Nick Clegg MP.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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