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Rockwool chief calls for VAT help on Green deal

Hans Schreuder, managing director of insulation manufacturer Rockwool is calling for a cut in VAT on refurbishment work to kick-start the Government’s Green Deal programme.

Schreuder believes that a cut in the tax rate on refurbishment will encourage homeowners to take up the Green Deal.

The Green Deal is a Government initiative, designed to encourage householders to improve the energy efficiency of the 26 million UK dwellings.

He told the Construction Enquirer: “The whole Green Deal programme is potentially a massive new market but it will need something to kick-start it.

To stop cowboy firms muscling in, Schreuder believes that householders should have to use an authorised installer to benefit from the VAT cut.

“This is a great opportunity for the Government. It has launched the Green Deal to create a massive new industry and can give that a helping hand with tax breaks.

“That would also help the private sector led recovery in the construction industry.”

About Fiona Russell-Horne

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

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