The DECC, formally known as the Department of Energy & Climate Change, have recently announced their decision to end funding for the Green Deal Finance Company alongside the Green Deal Home Improvement Fund.
The Company states that due to low take-up and concerns circulating around the industry standards, this decision has been made as an attempt to protect tax payers.
The Energy and Climate Change Secretary Amber Rudd, has announced that the Government will work with the building industry and consumer groups on a new value-for-money approach.
Furthermore, Rudd has released the following statement:
Together we can achieve this Government’s ambition to make homes warmer and drive down bills for 1 million more homes by 2020 – and to do so at the best value for money for taxpayers. It’s now time for the building industry and consumer groups to work with us to make new policy and build a system that works."
The Government website outlines that schemes must provide more value for money within the future, in order to support the target of insulating one million more homes over the next five years alongside tackling fuel poverty.
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