More than 115,00 homes across England are to get upgrades to improve their energy efficiency and save residents money on their bills as the government announces the allocation of nearly £2 billion in funding.

The Social Housing Decarbonisation Fund and Home Upgrade Grant are collectively worth £1.4 billion, which will be used to fund energy-saving measures ranging from loft insulation to new windows. An additional £1.1 billion in match funding for social housing provided by local authories, providers of social housing and charities will bring the total investment to £2.5 billion to upgrade social and private homes in England.

The money will go towards improvement to vulnerable households and off-gas grid homes with an EPC rating of D or below, and could save tenants between £220 and £400 a year on energy bills.

The schemes could also support around 20,000 jobs in construction and home retrofit sectors, helping to deliver on our promise to grow the economy and create better paid jobs, whilst supporting families across the country.

The funding will be rolled out from April 2023 to upgrade homes over the next 2 years.

Read more: https://www.gov.uk/government/news/18-billion-awarded-to-boost-energy-efficiency-and-cut-emissions-of-homes-and-public-buildings-across-england