Eco-Living Magazine

Government’s £2bn Energy-saving Scheme to Give £5,000 Vouchers to Homeowners

Posted on the 07 July 2020 by Ecoexperts @TheEcoExperts

Hundreds of thousands of homeowners in England will receive £5,000 vouchers to reduce the cost of energy-saving home improvements, Chancellor Rishi Sunak is set to announce.

The £2 billion Green Homes Grant will subsidise two-thirds of the cost of emission-cutting measures like installing insulation and double glazing, according to .

About half the fund will go to the poorest households, which could receive vouchers worth up to £10,000.

More than 100,000 jobs could be supported by the vouchers, which the Treasury said would be handed out across one financial year.

The scheme also aims to help the UK reach its goal of net-zero carbon emissions by 2050.

Labour shadow business secretary Ed Miliband welcomed the news , but criticised the government for excluding renters.

"This is not a comprehensive plan," Miliband commented. "It appears there is almost nothing for the people who rent the 8.5 million homes in the social rented sector and private rented sector, which has the worst energy efficiency standards."

"That means one third of people are left out."

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