Insulation: Finance

(asked on 31st January 2023) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask His Majesty's Government what consideration they have given to providing financial assistance to encourage home insulation; and what assessment they have made of the impact of such policies in other jurisdictions.

Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 7th February 2023

The Government is investing £6.6 billion over this Parliament in decarbonising heat and energy efficiency. The Energy Company Obligation Scheme, running until 2026 is valued at £4 billion. ECO+ has also been announced, with the scheme worth £1 billion per annum to run from Spring 2023 until 2026.

The Autumn Statement announced a new ambition to reduce energy consumption from buildings and industry to 15% by 2030. A new Energy Efficiency Taskforce will be established supporting this. £6 billion of additional funding will also be available from 2025 to 2028.

The Government routinely considers schemes in other jurisdictions in its policy development process.

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