£3bn green jobs, save money and cut carbon plan: A £3 billion green jobs plan to save money, cut carbon and boost employment in the wake of the coronavirus pandemic has been announced by Chancellor Rishi Sunak.
In his much-awaited UK recovery plan Summer Statement, the Chancellor outlined how he planned to tackle “profound economic challenges” with a “historic investment in infrastructure”.
Rishi Sunak promised to ensure a green recovery and to create green jobs and holds “concern for our environment at its heart”.
From September a £2 billion green homes grant is included in the £3 billion round of financing, landlords and homeowners will be able to apply for vouchers to increase the energy efficiency of their homes, which will also create sustainable work for local businesses.
Covering at least two-thirds of costs, the vouchers are worth up to £5,000 per house and for low-income households – rising to up to £10,000 to cover the full costs.
To improve the energy efficiency of public sector buildings around £1 billion will be spent on schools, hospitals and council buildings, in addition to a £50m fund to pilot an effective approach to deliver decarbonisation for social housing across the country.
These measures would make a total of 650,000 homes more energy-efficient promised Mr Sunak, saving families £300 a year, as well as support around 140,000 green jobs and cut carbon emissions by half a megaton a year.
He said: “We are going to double down on our ambition to level up, with better roads, better schools, better hospitals, better high streets, creating jobs in all four corners of our country.”
£3bn green jobs, save money and cut carbon plan