Today, the Department for Business, Energy & Industrial Strategy (BEIS) announced new measures set to help hundreds of thousands of household better insulate their homes and reduce consumption while saving families hundreds of pounds each year.
- New £1 billion ECO+ scheme will see hundreds of thousands of homes across the country receive new home insulation, saving consumers around £310 a year
- ECO+ will extend support to those in the least energy efficient homes in the lower Council Tax bands, as well as targeting the most vulnerable
- a new £18 million campaign will give the public advice on how they can save hundreds on their own bills without sacrificing comfort
Under plans announced today, the new ECO+ scheme will extend support to those who do not currently benefit from any other government support to upgrade their homes. Joining the existing £6.6 billion ‘Help to Heat’ energy schemes this new £1 billion funding will ensure hundreds of thousands more households benefit from new home insulation and with that, lower bills.
By rolling out predominantly low-cost insulation measures such as loft insulation and cavity wall insulation, the ECO+ scheme will support the government’s new ambition to reduce the UK’s final energy consumption from buildings and industry by 15% by 2030. The £1 billion scheme is backed by a new £6 billion investment to contribute to the existing £6.6 billion energy efficiency funding pot.
The new funding pot will also provide long-term funding certainty across for the industry, supporting the growth of supply chains and green jobs in the sector, as the government takes further action to tackle fuel poverty and reduce energy bills.
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