£900m fund released for green infrastructure projects
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A £900m fund has been announced by the Government to deliver low carbon upgrades to local infrastructure, build homes and help fuel a “green economic recovery”.
The 'Getting Building Fund' will be spent on over 300 projects across the UK. It is expected to deliver up to 45,000 homes, create up to 85,000 jobs and reduce around 65 million kilogrammes of CO2 emissions across England.
Projects include £12m for a new high-speed railway station in Thanet, Kent; £14.88m to accelerate the National Brownfield Land Institute, which should ultimately deliver sustainable buildings on brownfield sites, and £23m for a commercial space in Greater Manchester.
Details of the previously announced £2bn Green Homes Grant scheme were also revealed, which will see the Government fund up to two-thirds of the cost of home improvements of over 600,000 homes.
Improvements included in the scheme range from insulation of walls, floors and roofs to the installation of low-carbon heating, such as heat pumps or solar thermal. These measures are expected to save homeowners up to £600 a year on their energy bills.
Households on low income can receive vouchers covering 100 per cent of the cost of the improvements, up to a maximum of £10,000.
Housing Secretary Robert Jenrick said the funding will not only “give a much needed boost” to the country’s economic recovery after the pandemic, but will also “help build the good quality, affordable homes the country needs”.
He added: “As we get Britain building, we are also laying the foundations for a green economic recovery by investing in vital infrastructure for local communities, creating jobs and building environmentally-friendly homes”.
Business Secretary Alok Sharma said: “Green home improvements will save people money on their energy bills, help to cut carbon emissions and create new work for many thousands of builders, plumbers and other tradespeople.
“Our TrustMark scheme will guarantee that building work is completed to a high standard by accredited tradespeople, ensuring consumers are fully protected.”
The new funding package follows £350m announced last month to help heavy industry, construction, space and transport firms cut down their carbon emissions.
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