Rockwool boss in Green Deal VAT plea

Grant Prior 13 years ago

Rockwool managing director Hans Schreuder  wants to see VAT on refurbishment work slashed by the Government to kick-start its ambitious Green Deal programme.

Schreuder believes that cutting the tax rate on refurbishment will encourage homeowners to take part in the Green Deal drive to improve the energy efficiency of 26 million dwellings.

And he wants to see tax breaks and incentives tied to the use of approved installers to stop cowboys cashing-in on the initiative.

He told the Enquirer: “The whole Green Deal programme is potentially a massive new market  but it will need something to kick-start it .

“Paying less stamp duty for energy efficient homes would be a real incentive. So would cutting the rate of VAT for this type of improvement work.

“People should have to use an authorised installer to benefit from the VAT cut but that would stop cowboy firms moving in.

“Tax breaks don’t cost the Government – just look at the car scrappage scheme and how that stimulated the market.

“This is a great opportunity for the Government.

“It has launched the Green Deal to create a massive new industry and can give that a helping hand with tax breaks.

“That would also help the private sector led recovery in the construction industry.”

The Green Deal will give homes and businesses cash up front to improve buildings with the cost being recouped via lower energy bills.

The Confederation of British Industry is backing the plan but has reservations over how it will work in practice.

Dr Neil Bentley, CBI Deputy Director-General, said: “The Green Deal is a good idea, but risks becoming a lame duck unless the government tackles the big questions of financing and uptake.

“The government faces an uphill challenge convincing home owners to sign up to the Green Deal, given that three-quarters admit they don’t consider energy efficiency when looking at a property.”

Initiatives like the Green Deal will see the balance of Rockwool’s turnover shift to see refurbishment work account for more than 50% of business for the first time.

A whole new raft of contractors are entering the energy efficiency market and Schreuder believes more will follow.

He said: “We have seen deals recently like Carillion’s move for Eaga and British Gas buying contractors.

“That trend will only grow because everyone sees the potential in the market.”

Latest news

Berkeley subbies face six weeks without payments

Introduction of new finance software means payment hiatus for suppliers
38 mins ago

Pagabo reveals 56 winners of latest £1.6bn retrofit deal

Decarbonisation Solutions Framework launched: Full list of winners
56 mins ago

Go-ahead for £100m Liverpool Love Lane flats

500-flat scheme will be built across four blocks in Vauxhall area of city
42 mins ago

Contractors jack 1,100t viaduct into place in 13-hour operation

158m-long composite deck structure jacked into place 10-hours ahead of schedule
44 mins ago

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
20 hours ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
19 hours ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
23 hours ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
23 hours ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
24 hours ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
23 hours ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
1 day ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
2 days ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
2 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
2 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
2 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
2 days ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
2 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
5 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
5 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
5 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
5 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
5 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
5 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
6 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
6 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
7 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
6 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
6 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
6 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
7 days ago

Contractor services