In just six weeks the Green Deal Home Improvement fund has closed, as over £118 million pounds worth of funding vouchers have been issued.
When announced the Green Deal Home Improvement Fund promised £50m of the £120m would be spent at the higher funding rate of £6000 for solid wall insulation. The idea being that once the first £50m had been spent DECC would review the funding levels and advise how the rest of the funding should be spent between then and March 2015.
22nd July saw the announcement that almost the full £50m had been allocated in vouchers and as a result announced that the fund would close at midnight on the 24th July. However, a huge rise in applications in these two days has meant that the remaining £70m has been spent meaning that the full £120m has gone.
Early evening on the 24th July DECC closed the voucher claims process and declared the Green Deal Home Improvement Fund closed until March 2015 as claims were being made a rate no one could predict.
At the minute there is therefore no funding available for solid wall insulation but there are other great ways of funding these fantastic works. This includes private finance offered through SERS and also Green Deal Plans. For more information please visit the green deal page here or give us a call.