Inexperienced Properties Grant funding to be minimize by £1.5 billion
The Government had set aside a total of £2 billion for the initiative, under which homeowners in England can get up to £5,000 in vouchers to make their homes more energy efficient. £1.5 billion of this was earmarked for households, with the other £500 million going to local-authority led schemes.
When it first launched in September 2020, there was a tight six-month deadline to get any work done, but this has since been extended until 31 March 2022. See our Green Homes Grant guide for more info.
But it’s now been revealed in a written answer by Anne-Marie Trevelyan – the minister of state for business, energy and industrial strategy (BEIS) – that the original £2 billion in funding is only to be used in the 2020/21 financial year and any leftover cash won’t be rolled over. As of 26 January, just 17,618 vouchers had been issued to households, accounting for just £73.1million of the cash set aside to fund the scheme.
Only £320 million of funding has been set aside for the scheme in 2021/22.
Ms Trevelyan’s answer, which was in response to a question from Labour MP Catherine West, said: “The original funding for the Green Homes Grant Voucher Scheme was announced as a short-term stimulus, for use in the 2020/21 financial year only.
“In the 2020 Spending Review, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced £320 million of funding for the green homes grant voucher scheme for 2021/22, as part of funding allocated to make homes and buildings more energy efficient and less carbon intensive.”
The Department for Business (BEIS) – which runs the Green Homes Grant scheme – confirmed that just £320 million has been set aside for 2021/22.
Martin Lewis: ‘The scheme is overly complex and tough to access’
In response to the news, MoneySavingExpert.com founder Martin Lewis tweeted that while the scheme was a “great concept”, it had been “hideously designed” and was “overly complex and tough to access”.
Martin had previously branded the scheme a “massive flop” in October 2020 on the back of feedback and a snapshot Twitter poll he ran, which laid bare problems with the scheme.