Warm Homes Plan: Finance

(asked on 20th November 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, how the funding for the warm homes policy will be targeted; and what steps he plans to take to ensure the funding is distributed to those most in need.


Answered by
Miatta Fahnbulleh Portrait
Miatta Fahnbulleh
Parliamentary Under-Secretary (Housing, Communities and Local Government)
This question was answered on 26th November 2024

As the first step towards the Warm Homes Plan, the Government has committed an initial £3.4 billion over the next 3 years towards heat decarbonisation and household energy efficiency, with £1bn of this allocated to next year. Additional funding will be considered in Phase 2 of the Spending Review, as the Warm Homes Plan is further developed.

The £3.4 billion includes £1.8 billion to support fuel poverty schemes, helping over 225,000 households reduce their energy bills by over £200. In addition, the Government recently announced Wave 3 of the Warm Homes: Social Housing Fund in England, which will replace the Social Housing Decarbonisation Fund to support social housing providers and tenants, with delivery expected in 2025. We have also announced a new Warm Homes: Local Grant to help low-income homeowners and private tenants in England with energy performance upgrades and cleaner heating.

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