The “Eco Plus” scheme, announced recently by the government, will provide insulation grants to thousands of households across the UK. It is expected to run from April 2023 to March 2026 as part of Chancellor Jeremy Hunt’s aim to cut Britain’s energy use 15% by 2030.
The scheme is designed to help families reduce their energy bills and carbon emissions, as well as improve the insulation of their homes. Insulation is a key way to reduce heat loss in homes, and the Eco Plus scheme will provide families with up to £1500 towards the cost of insulation.
In addition, the scheme will also provide grants for other energy efficiency measures, such as boiler replacement and cavity wall insulation. The scheme is part of the government’s wider commitment to tackling climate change and meeting its target of net zero emissions by 2050.
Although details of the scheme are not yet finalised, reports suggest landlords and private tenants could benefit along with those most at risk of fuel poverty and that the scheme will likely apply to people with council tax bands A to D.
According to The Times, over 70,000 households could benefit over three years, with the government covering up to 75% of the cost of upgrades.
There are several other grants available for properties from both local and national governments, so it is always worth researching before any large property projects or expenses.
February 27th, 2023
