Green Deal: Important ‘next steps’ revealed 10th August, 2012 Nick Boyle
A recent press release from the Department of Energy & Climate Change (DECC) has outlined the next steps for the UK Government’s flagship ‘Green Deal’.
One of the main points to note is that a £7m loan from the DECC to The Green Deal Finance Company (TGDFC) has been agreed, which will allow TGDFC to continue working on its offering of low-cost finance to consumers upgrading their homes under the Green Deal.
The Chief Secretary to the Treasury, Danny Alexander, announced that the scheme is also being considered as an ‘early candidate’ for the use of infrastructure guarantees.
Greg Barker, Energy and Climate Change Minister, said: “I’m delighted to announce a number of important developments for the Green Deal today. The opening of the Green Deal register will enable businesses to start becoming Green Deal authorised and the Green Deal Quality Mark will show they have met our standards. Crucially, this will protect consumers, who will know that anyone displaying the Quality Mark has been through the required process to become authorised.”
The Green Deal currently covers 45 different improvements for domestic and non-domestic properties, and is expected to support up to 60,000 jobs in the insulation sector alone.