Rishi Sunak has announced a £2 billion voucher scheme to help make homes in the UK more energy-efficient – and help support thousands of local jobs.
Today the Chancellor of the Exchequer has issued an ‘Economic Update’ and has outlined plans to create thousands of jobs, traineeships and apprenticeships, as well as a wide range of measures to get the nation’s economy back on track in the wake of the Coronavirus pandemic and subsequent lockdown.
As part of the new “mini-budget,” Mr Sunak has announced a “green recovery” scheme for the UK, which would see hundreds of thousands of households receive vouchers worth up to £10,000 to be spent on measures to make their homes more energy-efficient.
The Chancellor says the new scheme will help support more than 100,000 jobs.
Mr Sunak says the vouchers, named the “Green Homes Grant,” would pay for “at least two-thirds” of green improvements in homes, and would help “unlock” work for thousands of plumbers, builders and other tradespeople.
Many families will receive vouchers of up to £5,000 for the energy-saving changes they wish to make in their homes, while households on a lower-income will be eligible for up to £10,000 in funding.
Homeowners will be able to splash the cash on loft, wall and floor insulation, eco-friendly boilers, heat pumps, double or triple-glazed windows, low-energy lighting and energy-efficient doors.
The scheme will launch in September and could save households up to £300 a year on their bills.
Plus, the added work for tradespeople could support over 100,000 jobs, Mr Sunak says.