£24m Green Deal fund Exhausted in just 24 Hours

On the 10th December 2014 the much anticipated extra Green Deal Home Improvement Funding (GDHIF) launched – but it didn’t last long and was exhausted within the day.

DECC (Department of Energy and Climate Change) launched the second phase of GDHIF funding yesterday with solid wall insulation having the largest amount allocated of the small pot of funding available.

The Government were forced to close the applications just 24 hours after the scheme launched, following a rush of applications. DECC later confirmed that all solid wall insulation vouchers had been allocated.

Of the £30m budget, £24m was ring fenced for solid wall insulation. The scheme allowed homeowners to apply for vouchers worth up to £4,000 (or up to 67% of the total cost of the install) towards the cost of solid wall insulation. The remaining £6m was allocated to households wishing to install selected energy efficiency upgrades such as boilers and cavity wall insulation.

DECC are currently releasing information of further funding releases on a quarterly basis with the next release expected in February. If you are interested in applying for a voucher in order to receive funding towards the cost of solid wall insulation please contact us and we will be able to advise you.