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Liverpool Echo
Liverpool Echo
World
Lottie Gibbons

We could all get up to £5,000 worth of vouchers for home improvements

Homeowners will receive £2 billion in financial incentives to insulate their homes as part of an economic recovery scheme set to be announced by the Chancellor.

The funding is part of an expected £3 billion green package Rishi Sunak will unveil on Wednesday to create jobs, upgrade buildings and protect the environment as part of efforts to rebuild the economy after Covid-19.

The scheme will also include a £1 billion programme to transform schools, hospitals and other public buildings so they are greener and more energy efficient.

According to the BBC, hundreds of thousands of homeowners will receive vouchers of up to £5,000 for energy-saving home improvements.

The Green Homes Grant would see the Government pay at least two-thirds of the cost of home improvements that save energy.

This means a owner of a semi-detached or end-of-terrace house could install cavity wall and floor insulation for about £4,000.

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The homeowner would pay £1,320 while the government would give £2,680.

The BBC says the scheme will launch in September, as the Treasury said the grants could help to support more than 100,000 jobs.

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