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Much Needed Funding for the Green Deal has been Released
The Green Deal has been slow to get its feet off the ground, with various delays in software and funding needed holding things up.
By: Gogreen2 Marketing Press Room
One of the main delays in the start of the scheme has been the situation with gaining access to sufficient funding for the actual installation of Green Deal home improvements to be carried out. However, last week The Green Deal Finance Company (GDFC) signed a multi-million pound funding agreement with the Green Investment Bank (GIB) for the “set-up, financing and administration of Green Deal Plans”.
This is the final loose end to be tied up, with the scheme now able to fully operate. The GDFC was set up just over a year ago to release the billions of pounds necessary to bankroll the Green Deal. The Green Deal, as mentioned earlier, is a huge scheme intended to continue over several years. Its aim is to transform around 44 million homes across Britain into more energy efficient buildings, saving on property owners’ energy bills as well as the damage currently being done to the environment.
The Green Deal has been waiting for this funding to finally be able to get Green Deal assessments underway. Now that the money is available, the Green Deal will significantly speed up in momentum.