Scheme will deliver energy efficiency upgrades
The government has said there will be no cut to its warm homes plan.
The spending review today confirmed a commitment of £13.2bn to the scheme which is intended to fund energy efficiency upgrades to homes. This followed speculation in recent months it may be cut.
The plan awards grants to households for upgrades, with 300,000 homes due to benefit this year.
The spending review document said: “This investment will be allocated across schemes that support the rollout of heat pumps, alongside energy efficiency measures and other low-carbon technologies, such as solar and batteries.”
>>Government confirms equal access to Building Safety Fund for social landlords
The government will work with financial institutions and the UK’s sovereign wealth fund, the NWF, to support the delivery of the warm homes plan. with further details due October.
>>Spending review 2025: All our coverage in one place
At-a-glance: the key spending review measures for housing and construction
- £39bn for a new 10-year Affordable Homes Programme
- A 10-year rent settlement under which annual rents increase by CPI plus 1%
- A consultation on re-introducing rent convergence
- £2.5bn in low interest loans for social housing providers to boost their development capacity
- An additional 10 billion pounds for financial investments, including to be delivered through Homes England “to crowd in private investment”
- £950 million of investment for the fourth round of the Local Authority Housing Fund increase the supply of temporary accommodation
- A re-commitment of £13.2bn to the Warm Homes Plan to upgrade homes
- Protecting spending on tackling homelessness and rough sleeping, and providing £100 million, including from the Transformation Fund, for early interventions to prevent homelessness
- Establishing a new local growth fund for specific mayoral city regions in the North and Midlands
- Investing in up to 350 deprived communities across the UK, to “fund interventions including community cohesion, regeneration and improving the public realm”.
- Resource budget for MHCLG to fall 1.4% between 2025/26 and 2028/29
- Savings identified through the Treasury’s zero based review include cutting communications and marketing spending by 70%
- MHCLG has identified £50 million of technical efficiencies by 2028-29, to be delivered through workforce and digital reform.
- £14.2 billion for a new nuclear power station Sizewell C
- £2.5bn confirmed for Small Modular Reactors as part of its industrial strategy to be published this summer
- Providing £15.6 billion in total by 2031-32 for the elected mayors of some of England’s largest city regions to invest in local transport plus £2.3bn investment in local transport grant
- Multi-year settlement for Transport for London totalling £2.2bn
- £3.5bn for the Transpennine Route Upgrade between Manchester and Leeds.
- £2.5bn to deliver East West Rail “unlocking the potential of the Oxford to Cambridge growth corridor”
No comments yet