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.
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.