LATEST: Landlords to share in new £562m green fund to upgrade properties

Landlords are set to benefit from a new fund that plans to upgrade 50,000 homes with green improvements.

The government has kicked off its £562 million funding programme to provide the UK’s least energy efficient and fuel-poor homes with cavity wall and loft insulation, heat pumps and solar panels in a bid to help them save up to £450 a year on their energy bills.

It’s part of an ambition to eradicate fuel poverty, manage energy bills and reduce carbon emissions from domestic buildings.

More than 200 local authorities across England and Scotland are sharing the cash.

Councils that have applied for and won funding so far include Aberdeen, which has £2.2 million to retrofit 100 homes, creating a decarbonised neighbourhood, with tougher wall insulation, new air-source heat pumps and solar panels, and Leeds, which has almost £10 million to retrofit up to 600 homes across the city-region.

The £500 million Local Authority Delivery Fund, part of the Green Homes Grant, makes up most of the funding and aims to help households with an income of under £30,000.

It will work with local authorities to ensure the money is targeted at those who need it most, including those living in private rented accommodation.

Referral routes

The Department for Business, Energy and Industrial Strategy tells LandlordZONE that councils will be able to identify deserving households through a variety of referral routes including the health and charity sectors or by criteria such as receipt of means tested benefits and council tax exemptions.

A spokeswoman says: “Interested landlords should contact their local authority to see if they are taking part in the Local Authority Delivery scheme.”

kwasi karteng beis

UK Business and Energy Secretary, Kwasi Kwarteng (pictured), adds: “This is yet another important step we are taking to eliminate our contribution to climate change and build back greener from the pandemic.”

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