Chancellor Rishi Sunak is to reveal a £3bn package of green investment to “decarbonise” public buildings and cut emissions from poorly insulated homes, in a bid to kickstart Britain’s recovery from the coronavirus lockdown.
It will involve improving insulation in public buildings such as schools and hospitals and retro-fitting low-carbon heating technology in social housing.
The Chancellor is expected to make the announcement during his summer statement on the economy on Wednesday.
The extra money for “decarbonising” houses, which also includes vouchers of up to £5,000 for energy-saving home improvements, aims to create thousands of new jobs while helping the UK to meet its 2050 target of achieving zero carbon emissions.
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