Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government whether any funding provided to the Forest Carbon Partnership Facility - Carbon Fund will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
To date, the UK has invested £141.5m in the World Bank-managed Forest Carbon Partnership Facility – Carbon Fund (£11.5m in 2011; £45m in 2014; and £85m in 2015). This has been in the form of grants (CDEL). No further funding to the Forest Carbon Partnership Facility – Carbon Fund is planned.
Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government whether funding for the Sustainable Energy Facility for the Eastern Caribbean will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government whether funding for the KawiSafi Ventures Fund will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
Asked by: Lord Smith of Hindhead (Conservative - Life peer)
Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government when they will know what support could be provided to (1) social clubs, and (2) pubs, which continue to struggle with energy costs when the Energy Bill Relief Scheme ends.
Answered by Lord Callanan - Shadow Minister (Foreign, Commonwealth and Development Office)
The Energy Bill Relief Scheme provides a discount on the wholesale element of gas and electricity bills to ensure that all eligible businesses, including the hospitality and leisure sector, are protected from high energy costs this winter period. Following an HMT-led review, the new Energy Bill Discount Scheme will run from April until March 2024, and continue to provide a discount to eligible non-domestic customers, including social clubs and pubs. The new scheme strikes a balance between supporting businesses and other non-domestic customers over the next 12 months and limiting taxpayer’s exposure to volatile energy markets.