The chancellor has confirmed a £2bn government scheme to fund green renovations in residential properties.
Announced during today, Rishi Sunak said the measure was part of a “green recovery” for the economy with concern for the UK’s environment at its heart.
He said: “I’m announcing today a new £2bn green homes grant. From September, homeowners and landlords will be able to apply for vouchers to make their homes more energy efficient and create local jobs.
“The grant will cover at least two-thirds of the cost, up to £5,000 per household. And for low income households, we’ll go even further with vouchers covering the full cost up to £10,000.”
When the scheme launches in September, there will be online applications for recommended energy efficient renovations as well as details for accredited local suppliers.
Once one of these suppliers has provided a quote and the work is approved, the voucher will be issued.
This measure is expected to support over 100,000 green jobs locally, and help the UK reach its target of net zero greenhouse gas emissions by 2050.
The scheme aims to upgrade over 600,000 homes across England.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
