On Tuesday 22nd July, DECC (Department of Energy & Climate Change) announced changes to the Green Deal Home Improvement Fund scheme which included a reduction in the cashback for solid wall insulation from £6000 to £4000. In order to obtain the £6000, applications had to be submitted by 11.59pm on Thursday night (24th July). Applications for £1000 towards a boiler with flue gas heat recovery had to be submitted by 4th August.
However, at around 6pm on Thursday 24th July, DECC closed the GDHIF altogether, without notice and with immediate effect.
A surge in applications since Tuesday’s announcement means that the allocated budget of £120 million has now been reached. However DECC has confirmed that all applications received prior to the fund closing will be honoured at the original rates (applications must satisfy the terms and conditions and meet the eligibility criteria).
The £120 million represents the value of vouchers APPLIED FOR under the scheme. DECC will be carefully monitoring the number of vouchers that are actually redeemed and will consider whether to launch a further offer should funds become available.
Essex Insulation would like to apologise to its customers for any inconvenience caused as a result of the early and unexpected closure of the GDHIF. This was entirely out of our control, but we will do everything we can to secure funding for as many customers as possible.
For further information, please follow the link below to DECC’s Press Release.