To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the summer economic update, if he will provide a breakdown of the allocation of £50 million into the Social Housing Decarbonisation Fund and its demonstrator project.
The manifesto committed to improving people’s homes, to accelerate our progress towards net zero emissions by 2050 and to help families reduce their energy bills. This commitment included the Social Housing Decarbonisation Fund with £3.8bn over a ten-year period and the £50m demonstrator fund is a down payment on the £3.8bn.
The Summer Economic Update announced £50m to demonstrate innovative approaches to retrofitting social housing at scale, accelerating the delivery of the Social Housing Decarbonisation Fund envisaged by the manifesto. This will mean warmer and more energy efficient homes and could reduce annual energy bills by hundreds of pounds for some of the poorest households in society, as well as lowering carbon emissions. The programme will be UK-wide and funding will be allocated competitively.
The Government remains committed to decarbonising buildings to keep us on track to reach net zero emissions by 2050. This demonstrator project is a short-term investment to learn lessons and innovate for the main scheme, allocations for which will be determined at the forthcoming Spending Review in the Autumn.