Social Housing Decarbonisation Fund
This funding will help decarbonise a significant amount of social housing stock, subsidising measures such as ground source heating installations to tackle fuel poverty, reduce emissions and increase the energy efficiency of homes.
A sum of £800m of funding has recently been committed as part of the second wave of the Social Housing Decarbonisation Fund, which will allow social landlords and social housing managers to apply for grants to conduct energy-efficient upgrades to their tenant’s homes – including new heating systems, energy-efficient doors and windows and upgraded insulation. With buildings and homes making up some 40% of the UK’s carbon emissions, this is a crucial part of the wider strategy to meet the UK net-zero target by 2050.
The initial focus is currently on properties with an Energy Performance Certificate rating of D or below, which approximately 1.6 million social houses fall into.
Some 9,000 jobs in the green energy sector are expected to be generated as a result of the fund and the carbon emissions savings will be equivalent to removing 6,000 cars from the road each year. This ongoing investment will also produce warmer houses, lower emissions, and lower energy bills for millions of people, which is more relevant than ever.