Government will consider 'tweaks' to Green Deal

Published:  07 March, 2013

Energy secretary Ed Davey has said the Government has not ruled out changing elements of the Green Deal should retrofit programme encounter problems.

Speaking at Ecobuild this week, Mr Davey said: “We are not trying to pretend we have absolutely everything [on the Green Deal] right.”

He continued to say that the Government would publish the first official statistics on take-up of the Green Deal in the spring, with subsequent monthly and quarterly reports.

Richard McCarthy, Capita Symonds’ executive director, said the Government should consider using cash from the Funding for Lending scheme to try and lower the interest rate for Green Deal loans.

The Funding for Lending scheme came under fire this week after it emerged that lending from banks had fallen £2.4bn in the fourth quarter of 2012.

Mr McCarthy said: “What about the balance of the Funding for Lending scheme? Could that balance of lending be the Green Deal finance and help bring down some of the cost?

“If it could, the incentive [for the Green Deal] would increase and more people would enter the scheme.”

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