The Great British Insulation Scheme.
As part of a £1 billion energy efficiency program, running from Spring until March 2026, the UK government has put in place what is called The Great British Insulation Scheme.
This is a rebranded ECO+ scheme, which will upgrade an additional 300,000 of the country’s least energy-efficient homes and cut household bills by expanding support to reduce energy bills by increasing energy efficiency.
This scheme will contribute towards the government’s target to reduce energy demand by 15 percent by 2030
Up to 80% of households across the country in council tax band A-D will qualify for support to make their homes more energy-efficient under the “Great British Insulation Scheme”.
Also, a new £30 million Heat Pump Investment Accelerator scheme has been established to leverage £270 million private investment to supply heat pumps in UK homes.
This fund would support the government’s Boiler Upgrade Scheme which offers a grant of up to £5,000 (until 2028), to assist anyone purchase a heat pump that is more energy efficient to run than a gas boiler.
To drive household electricity bills down, the government will set out plans during 2023/24 to rebalance gas and electricity costs in household bills with the aim of making electricity bills cheaper and speeding up electrification for households and businesses.