In light of low take-up and concerns about industry standards the Secretary of State today announced that there will be no further funding to the Green Deal Finance Company.

They will also stop any future funding releases of the Green Deal Home Improvement Fund however the decision has no impact on existing Green Deal Finance Plans or existing Green Deal Home Improvement Fund applications and vouchers.

The ECO scheme will continue to run as normal until March 2017 however the future of the ECO scheme from 2017 onwards will form part of discussions around a new, better integrated policy for home energy efficiency

As stated uptake of the Green Deal has been lower than expected - by the end of May 2015 there were nearly 15,600 Green Deal finance plans in progress, and over 27,000 energy efficiency measures installed in homes across England and Wales. The total value of measures installed under the Home Improvement Fund is claimed to be £114m.
However the Government now think it’s time for the building industry and consumer groups to work with them on a new value-for-money approach.

The .Gov website has a page of useful question and answers which is worth a look at:

https://decc.blog.gov.uk/2015/07/23/changes-to-green-home-improvement-policies-announced-today/

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