£1.3bn green recovery infrastructure investment confirmed: A new £1.3 billion green recovery investment for thousands of new homes and other vital infrastructure projects to speed up recovery has been confirmed by the UK Government.
The investment is expected to create up to 85,000 jobs, deliver up to 45,000 homes and reduce around 65 million kilogrammes of carbon dioxide emissions across England.
We’re investing nearly £1.3bn into new homes and infrastructure, and creating jobs.
This will upgrade local infrastructure and boost skills to help fuel a green economic recovery.
— UK Prime Minister (@10DowningStreet) August 4, 2020
One of the projects being funded is the development of commercial space at Mayfield Park in Manchester, which is expected to attract more than one million visitors a year, deliver 3,200 jobs and the National Brownfield Land Institute, a project aiming to boost sustainable construction.
The government has also confirmed a £360 million investment in Mayoral Combined Authority areas, to deliver a further 26,000 new homes while protecting greenfield sites.
Hon. Robert Jenrick, Housing Secretary said: “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 with a huge £1.3 billion investment announced today.”
The Green Homes Grant Scheme details have also been announced, which will offer vouchers for home improvements.
Tradespeople such as builders and plumbers must be accredited for the MCS (Microgeneration Certification Scheme) or registered for TrustMark to take part in the scheme, which will include measures such as insulation, draft proofing as well as heat pumps and solar thermal.
Homeowners in England on low income can receive vouchers covering 100% of the cost of their improvements, up to a maximum of £10,000.
Alok Sharma, Business and Energy Secretary 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.”
£1.3bn green recovery infrastructure investment confirmed