Government to underwrite Green Deals

Today the government has announced that it will underwrite Green Deal schemes as part of its Infrastructure Guarantee scheme announced in July.

A £7m loan from the Department of Energy and Climate Change (DECC) to The Green Deal Finance Company (TGDFC) has been agreed today that will allow TGDFC to continue developing its offer of low cost finance, expected to be available early in 2013. Green Deal Providers will be able to access finance through TGDFC.

The Green Deal is also being considered as an early candidate for the use of infrastructure guarantees, Danny Alexander, the Chief Secretary to the Treasury, announced today as part of a wider effort to drive infrastructure investment.

From today, the register for Green Deal Providers, Assessors and Installers will also open. The register will give the seal of approval to businesses that successfully go through the Green Deal authorisation process.

All authorised Green Deal Providers, Assessors and Installers will have to display the new Green Deal Quality Mark to demonstrate they comply with the required Green Deal standards.

Read the full press release here.

Published: 08/08/2012

in Policy Updates