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Posted: 03.07.14

Instant success for green deal home improvement fund

Instant success for green deal home improvement fund

The introduction of a new cashback scheme for UK homeowners to make energy efficiency upgrades has been an instant hit, with an estimated £2.61 million issued during its first week.

As we reported earlier this year, the Green Deal Home Improvement Fund was launched to help homeowners save hundreds of pounds off annual bills by making improvements to their homes.

The Department for Energy and Climate Change has reported that 1,736 applications were received during the first week of the scheme, signalling that it may prove a popular means of achieving expensive upgrades.

"We’ve changed the Green Deal to make it simpler and faster for people to make their homes more energy efficient," explained Ed Davey, Energy and Climate Change Secretary.

Philip Sellwood, chief executive of the Energy Saving Trust, echoed the need for a successful scheme, stating:  "There’s certainly a long way to go but this is a step in the right direction. Ultimately it’s got to be as straightforward as signing up for Sky or Virgin. It’s not about finance deals, it’s about people living in warmer, cosier and healthier homes that are cheaper to run."