Heating: Finance

(asked on 26th January 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has plans to increase (a) support for installing heat pumps and (b) other funding for decarbonising heating systems in homes.


Answered by
Helen Whately Portrait
Helen Whately
Minister of State (Department of Health and Social Care)
This question was answered on 2nd February 2022

The recent Spending Review invested £3.9 billion to ensure buildings are warmer and cheaper to heat. This included £450m to drive growth in the heat pump market through the Boiler Upgrade Scheme, £338m to continue our support for heat networks, £1.8bn to support low-income households to decarbonise their homes, and £1.4bn to decarbonise the public sector estate.

As set out in the Heat and Building Strategy, the government is also implementing policies to create a market friendly regulatory framework to increase clean heat uptake. This includes setting an ambition to phase out all new fossil fuel heating from 2035, and consulting on an earlier date for phasing out high-carbon fossil fuel heating in homes off the gas grid. We are also working with local authorities to introduce heat network zones and will ensure that all new buildings constructed in England will be net zero ready from 2025.

Together, these interventions will support progress towards the government’s target of installing 600,000 heat pumps a year by 2028.

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