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UK Govt to slash Green Home Grants by £1.5 billion

Money Saving Expert

Funding for the Green Homes Grant voucher scheme is set to be slashed by around £1.5 billion from April, it’s been revealed. 

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.

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.

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