Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government, further to the remarks by Baroness Taylor of Stevenage on 14 May (HL Deb cols 2301), what assessment they have made of the results of the Green Homes Finance Accelerator programme, and what plans they have to take forward and scale up any of its initiatives.

The Green Home Finance Accelerator programme, supports the development of innovative green finance products and services that help homeowners cover the upfront cost of decarbonising their homes.

Following a competitive process, 26 projects were awarded funding to research and develop their product over a six-month Discovery Phase. 13 projects were successful in securing a share of approximately £16 million to pilot their products with homeowners across the UK until June 2025. The results of the pilot phase for each project will be published later in the year and the Government will use the findings of these to inform future policy development.