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Chancellor announces a £50 million Social Housing Decarbonisation Fund and confirms £12.2 billion AHP 16/07/2020 Labelled as Finance, Legislation

Following the Prime Minister's promise to "Build, Build, Build", the Chancellor of the Exchequer Rishi Sunak presented his "Plan for Jobs" to Parliament on Wednesday 8 July to outline how the government will boost job creation in the UK in response to the Coronavirus crisis.

 

Included in a raft of measures was an announcement of a £50 million Social Housing Decarbonisation Fund.

 

The Government will establish a new Social Housing Decarbonisation Fund to help social landlords improve the least energy-efficient social rented homes, starting with a £50 million demonstrator project in 2020-21 to decarbonise social housing.  

 

Details and timescales for the Scheme are sketchy at this stage but it is understood that the application process may mirror the recent "Whole House Retrofit Grant Competition" run by the Department for Business, Energy & Industrial Strategy (BEIS) - the awards for which were announced on 29 June 2020.

 

The Chancellor's announcement also confirmed the £12.2 billion Affordable Homes Programme announced in the Budget will support up to 180,000 new affordable homes for ownership and rent in England and that the £12.2 billion will be spent over five years, with the majority of homes built by 2025-26 and the rest by 2028-29.

 

The Affordable Homes Programme will also include a 1,500 homes pilot of "First Homes" but no detail was given as to the number of social rented homes that will be delivered through the Programme.

 

Read the Chancellor's Speech and the accompanying supporting documents.

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