Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the potential impact of the proposed Clean Heat Market Mechanism on (a) jobs, (b) inward investment and (c) homeowners.
The Department estimates that developing the UK heat pump market to 600,000 installations per year will support over 30,000 futureproof low-carbon jobs by 2028. The Clean Heat Market Mechanism is a key part of the policy framework that the Government is bringing forward to support this expansion of the heat pump market. The Government anticipates significant investment opportunity in this growing market for both domestic-origin and inward investors. As the market for heat pumps expands, the Government expects to see improvement in the range and affordability of consumer propositions related to heat pump installations available to UK home- and building-owners.