Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what funding he plans to allocate to decarbonise homes.
The recent Spending Review invested £3.9bn to decarbonise buildings. This included: £450m to drive growth in the heat pump market through the Boiler Upgrade Scheme; £338m to continue our support for heat networks; £1.4bn to decarbonise public sector buildings, and £1.8bn to support low-income households to decarbonise their homes through the Home Upgrade Grant and Social Housing Decarbonisation Fund.
This means that, since March 2021, the Government will have committed over £9.7bn to decarbonising buildings, of which £3bn is to install energy efficiency measures in over 500,000 homes, saving households an average of £290 per year.
As set out in the Heat and Building Strategy, the Government is also implementing policies to create a market friendly regulatory framework to increase clean heat uptake. This includes setting an ambition to phase out all new fossil fuel heating from 2035 and consulting on an earlier date for high-carbon fossil fuel heated off gas grid homes.