New finance schemes unlock cash for upgrades to private and rental properties, including heating, insulation and flood and heat protection, which homeowners otherwise struggle to fund, Greater Manchester officials say.
The shortfall demonstrates the need to tap into other sources of money to fund the green transition, the group says.The variety of types of homes and upgrades available necessitates a broad"portfolio of financial products that complement this and support energy-efficiency improvements", GFI's Emma Harvey told Sky News.They include the UK's first"Property Linked Finance" scheme, which attaches borrowed money to the property rather than the homeowner.
The project will also help homeowners access green mortgages, which can finance the cost of improvements or lower interest rates on loans for purchases of energy-efficient homes. The GFI hopes that green rental agreements will incentivise landlords to increase the rental property's energy efficiency band rating before the regulatory deadline of 2025-2028.
Juliet Phillips, senior policy advisor at green think tank E3G, who is not involved with the initiative, said the"scale and range of initiatives included in this programme - and the focus on spurring private finance - is significant and fairly novel".
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Memories of the lost restaurant chain with £6 steaks and 7p dessertsThey had a number of branches across Greater Manchester
Læs mere »
Road closures in North Down, Holywood and near Belfast this weekLocal access for residents and emergency services will be maintained
Læs mere »
Trans Vegas is Travis time!TRANS VEGAS, the UK’s largest trans arts festival, celebrating trans and non-binary artists from Manchester, across the UK and beyond, is back for 2022.
Læs mere »
Scottish Government warns of ‘deep cuts’ to public services unless Westminster funds pay risesThe Deputy First Minister told the Chancellor the only way Holyrood could replicate pay awards announced in England is through 'deep cuts to public services'
Læs mere »
Blossoms announce TWO Manchester gigs as part of huge UK and Ireland tourThe Stockport band will head out on a 21-date tour later this year, with two dates at Manchester 02 Apollo
Læs mere »
Greater Manchester's lost restaurant in PLANE - from meals on wheels to hen dos'Had some great nights on there, meal first in the restaurant followed by a boogie'
Læs mere »