20.03.19 The government launches green incentive

 20.03.19 The government launches green incentiveNews Blog News for Homepage

The government will introduce a Future Homes Standard as part of its action to create a “carbon neutral future,” the chancellor Philip Hammond said March 13.

As part of his Spring Statement, Hammond announced that the government would bring forward the Future Homes Standard, marking “the end of fossil fuel heating systems” in all new homes by 2025.

By 2025, all new build homes must feature low carbon heating and “world leading levels” of energy efficiency. This new standard will build on the prime minister’s Industrial Strategy Grand Challenge mission to at least halve the energy use of new buildings by 2030, the government explained.

The chancellor also used the Spring Statement to announce that the government would guarantee up to £3 billion of borrowing by English housing associations to deliver around 30,000 affordable homes.

It will also use £717 million from the £5.5 billion Housing Infrastructure Fund to unlock up to 37,000 homes at sites including Old Oak Common in London and the Oxford-Cambridge Arc. For the latter, the government announced £445 million from the Housing Infrastructure Fund to deliver more than 22,000 homes.



Posted in News Blog, News for Homepage Tagged with: