Extra £1.25bn boost for social housing contractors

Aaron Morby 4 months ago

The industry has welcomed the government’s allocation of an extra £1.25bn to the Social Housing Decarbonisation Fund.

With match funding, the award will see around £2.5bn pumped into insulating or retrofitting 140,000 homes between 2025 and 2028.

Social housing contractors said the allocation provided all-important long-term certainty for businesses.

The Government announcement on how it intends to spend the £6bn first unveiled in 2022 Autumn spending statement, also saw an extra £1.5bn allocated to fund heat pump upgrades.

David Morgan, managing director of Wates Property Services said: “This is an important development that demonstrates the commitment Government has to improving the energy efficiency of social housing properties.

“Support like this is vital to our continued investment in innovation, skills, training and technology on the journey to net zero carbon.”

Derek Horrocks, chair of the National Home Decarbonisation Group, representing all the big social housing contractors, said: “This is something we called for and will give us that longer term to develop the area-based approach and use the economies of scale it affords.

“The past five years have seen more government investment in decarbonisation than ever before.

“Excellent progress has been made, with nearly 50% of properties in England now having an Energy Performance Certificate (EPC) of C – up from just 14% in 2010.

“The government has now committed to spend £12.6bn by 2028, a move that will genuinely make a difference to thousands.”

Breakdown of £6bn capital funding (2025 to 2028)

  • Boiler Upgrade Scheme, extra £1.5bn to support move to energy efficient, low-carbon heat pumps
  • New £400m energy efficiency grant, launching in 2025, for households in England to make changes such as bigger radiators or better insulation
  • New local authority retrofit scheme, allocated £500m to support up to 60,000 low-income and cold homes, including those off the gas grid, with measures such as insulation
  • Social Housing Decarbonisation Fund, allocated £1.25bn to support up to 140,000 social homes to be insulated or retrofitted
  • Green Heat Network Fund, allocated £485m to help up to 60,000 homes and buildings access affordable, low carbon heating through new heat networks
  • Heat Network Efficiency Scheme, allocated £45m to improve around 100 existing heat networks, in a move that will reduce bills and improve reliability
  • Industrial Energy Transformation Fund, allocated £225m, to help businesses transition to a low-carbon future

Latest news

Lendlease veteran is latest new McAlpine director

Paul Sims joins as Operations Director after 40 years at rival contractor
12 hours ago

BAM go-ahead for Leeds 200,000 sq ft office

Latitude Yellow will complete final plot at Doncaster Monk Bridge site
12 hours ago

VolkerFitzpatrick wins £30m logistics job

Latest deal to build five distribution units for Prologis UK
13 hours ago

Precast firm FP McCann cleared after immigration raid

Home Office takes no action after public raid on construction site
20 hours ago

Wates-owned SES restructure delivers record profit and revenue

Building services contractor revenue soars to almost £300m
19 hours ago

25 groundworks firms win £100m Places for People deal

M&J Evans, Carmac and Churngold Construction feature in housing association's line-up
20 hours ago

Energy efficiency firms angry at lack of CITB support

SME contractors funding bid "does not meet the current criteria for supporting productivity or EDI"
20 hours ago

£400m South Cambridge science park approved

Outline approval allows former sewage treatment works to be demolished
20 hours ago

McLaren gets green light for 45-storey Leeds tower

Landmark Wellington Square scheme will see 464 flats built with 360,000 sq ft of offices
4 days ago

Heavy rain causes 1.9% construction output fall

Hopes remain undampened of a resi-led recovery this summer
4 days ago

Taziker restruture to return to profitability after £1.2m loss

Founders bought the business back from private equity after last year's loss
4 days ago

£220m London wharf homes scheme approved

285 homes to be built beside protected Albert and Swedish Wharves in Wandsworth
4 days ago

Major project veteran named civils director for Sizewell C

David Speight previously worked on Hinkley, Heathrow and HS2 client teams
4 days ago

Morgan Sindall lands £19m Milton Keynes hospital job

Crane lifts to be carefully co-ordinated to ensure air ambulance remains active
4 days ago

Clancy bolsters civils leadership team

Daniel Tonkin and Simon Hyams join as operation directors of water and infrastructure
5 days ago

Balfour names new project boss for HS2’s super-hub station

Steve O’Sullivan replaces Nigel Russell who was promoted to CEO of Balfour's HS2 ops
5 days ago

Buckingham Group supply chain hit doubles to £256m

Total owed to unsecured creditors soars as surety providers finalise claims
5 days ago

Builders demand an end to police plant bans

Call to suspend all embargoes on moving mobile cranes and large site kit
5 days ago

Green light for £65m Blackpool multiversity campus

Education campus of 350,000 sq ft will be delivered in phases
5 days ago

Vinci signs £138m Sheffield steel forge expansion deal

Sheffield Forgemasters signs landmark contract after two years of pre-construction works
5 days ago

McAlpine hires HS2 programme boss to head defence arm

Armed forces logistics expert Mike Hickson takes role as MD of defence
6 days ago

£200m carbon capture plan for Deeside site

Energy from waste operator enfinium looking to invest in North Wales plant
5 days ago

McAleer & Rushe promotes five staff to contracts directors

Design and build contractor targets £500m revenue next year
6 days ago

Consultant quartet win Government estate upgrade deal

Government Property Agency selects Arcadis, Tetra Tech, AtkinsRéalis and McBains
6 days ago

Resi towers pioneer to transform Liverpool site

Beetham founder Hugh Frost to help develop 1,200 new homes
6 days ago

Construction Manager of the Year crowned

Galliford Try's Barry Kingscote wins coveted prize: Full list of winners
6 days ago

Landsec £250m London terraced office job approved

Skanska tipped for 20-storey Hill House scheme near Fleet Street
6 days ago

Lendlease tops March contracts league

BAM and ISG rank third with big contract wins
6 days ago

Vistry strikes deal with Homes England for 1,000 units

Firm's timber frames factory will supply most of the Midlands houses
6 days ago

Morgan Sindall go-ahead to build 23-storey Salford resi job

Funding deal with CBRE allows latest project on bank of River Irwell to proceed
7 days ago

Contractor services