What is the Government energy saving grant?
Rishi Sunak will give grants worth a total £2 billion for energy-efficient home improvements, including installing insulation, double glazing and replacing old boilers.
The remaining £1 billion of the package will be spent making public buildings including schools and hospitals more environmentally friendly, with £50 million going towards retrofitting social housing with insulation, double glazing and heat pumps.
How does it work?
The Government will pay at least two thirds of the cost of energy-saving private home improvements under the Green Homes Grant, due to launch in September and last for one year.
This means that for an improvement costing £4,000 a homeowner would pay £1,320, while the Government would contribute the remaining £2,680.
Homeowners will apply online and be directed to accredited local suppliers, who will provide a quote. Once the work is approved, a voucher for the Government’s share of the cost will be issued.
The poorest households will not have to contribute anything to the cost and could receive up to £10,000, Business Secretary Alok Sharma told the BBC.
He said: “What [the scheme] ultimately means is lower bills for households, hundreds of pounds off energy bills every year, it’s supporting jobs and is very good news for the environment.”
The Treasury said better insulation could save households as much as £600 a year on energy bills — and claimed the scheme could support more than 100,000 jobs. The funding also aims to help Britain meet its legally binding target to cut greenhouse gas emissions to net zero by 2050.