To ask His Majesty's Government what steps they are taking to ensure that green incentives and loans for renewable energy efficiency measures for domestic properties are easy to understand and apply.
Answered on
5 April 2023
Catalysing the market for accessible green finance is a priority for Government. Our Green Home Finance Innovation Fund, which completed last year, was an early step in supporting the piloting of green mortgages.
That Fund is followed by the Green Home Finance Accelerator which launched in October 2022. This programme is making £20m available to lenders to develop and pilot a wider range of green loans products, with a focus on simple, straightforward customer journeys and high-quality advice. Learnings from the pilots will be shared with the lending community in due course to inform the design of future products.