Ahead of the launch of the Green Deal in the autumn the government has announced that a £7m loan will be made available to The Green Deal Finance Company (TGDFC). Green Deal Providers will be able to access finance through TGDFC, enabling them to offer finance packages to consumers to improve their homes and for businesses to become more energy efficient. The scheme is also being considered as an early source of funding for infrastructure guarantees. Infrastructure guarantees will provide backing for major UK infrastructure projects and could potentially support up to £40 billion of investment. Details include:
- £7m loan to The Green Deal Finance Company to help ensure it is ready to offer finance to Green Deal Providers in early 2013
- HM Treasury announces that Green Deal will be an early candidate for the use of infrastructure guarantees
- Green Deal registration opens today allowing organisations to begin the Green Deal authorisation process
- The new Green Deal Quality Mark will show who is authorised and protect consumers
A £7m loan from the Department of Energy and Climate Change (DECC) to The Green Deal Finance Company (TGDFC) has been agreed today that will allow TGDFC to continue developing its offer of low cost finance, expected to be available early in 2013. Green Deal Providers will be able to access finance through TGDFC, enabling them to offer low cost finance packages to consumers upgrading their homes under the Green Deal.
The Green Deal is also being considered as an early candidate for the use of infrastructure guarantees, Danny Alexander, the Chief Secretary to the Treasury, announced today. This demonstrates the Government’s commitment to working with the private sector to provide finance at a low but sustainable cost to Green Deal customers. Infrastructure guarantees will provide guarantees for major UK infrastructure projects and could potentially support up to £40 billion of investment.
From today, the register for Green Deal Providers, Assessors and Installers will also open. The register will give the seal of approval to businesses that successfully go through the Green Deal authorisation process.
All authorised Green Deal Providers, Assessors and Installers will have to display the new Green Deal Quality Mark to demonstrate they comply with the required Green Deal standards. This will be vital for protecting customers from any rogue traders. Only registered and authorised businesses will be able to use this mark.
