Green Deal loan company to get £49m in funding

Home owners who’re interested in implementing various energy saving measures will be offered an extra chance as more funding has been made available by DECC for a company that specializes in providing Green Deal loans.

The Green Deal Finance Company (GDFC) revealed that the Department for Energy & Climate Change has put forward a proposal to provide a £34 million fund, while private sector investors, including all the Big Six energy suppliers and companies like Carillion, PwC and Insta Group, could provide funding worth up to £15 million.

The GDFC currently has more than 8,000 ongoing plan applications worth nearly £29 million and is receiving requests worth £1.51 million a week.

Mark Bayley, GDFC Chief Executive said: “We are now also consulting our investors on our sensible step-by-step plan to enhance the PAYS model and increase its availability to a wide market.”

HeatingSave is also approved to work and save fuel within the Energy Technology List, which is managed by the Carbon Trust on behalf of the Government. It is also approved by the Department of Energy & Climate Change and the Energy Savings Trust and was specified by the Building Research Establishment for the energy efficient homes retro-fit program, called The Greenhouse Project.

Last, but certainly not least, it’s important to mention that HeatingSave is a component part of the Government’s Green Deal program.

If you’d like to find out more about HeatingSave’s accreditations, just visit the dedicated section on our website, and for any other information, just get in touch with our dedicated product team.