Delivering Jobs and Growth

Refurbishment

Block_wallExisting homes
  • Encourage and put in place a range of incentives to facilitate the overall improvement of our 26 million homes, circa 80% of which are in private ownership

  • Reduce VAT on housing renovation and repair work from 20% to 5%. This will stimulate the wider economy by £15 billion over the five years to 2020 and reduce our carbon emissions by 240,000 tonnes of CO2

  • Make home energy efficiency a UK infrastructure investment priority

  • Bring 2 million low income homes up to EPC Band C by 2020 and all 6 million UK low income homes up to EPC Band C by 2025

  • Recycle carbon tax to help provide long term funding for this investment programme

  • Provide 0% loans for the “able to pay”

  • Review the Green Deal initiative and put in place a range of incentives such as variable council tax and a reduction in VAT on housing renovation and repair.

Useful facts
  • In order to meet the Government’s ambitious carbon reduction targets by 2050 the UK will need to refurbish the bulk of its existing 26 million homes in order to bring them up to an acceptable level of energy efficiency

  • Circa 80% of UK homes are privately owned. Simple but effective inducements are required to encourage residents and landlords to invest in their homes to improve and extend them whilst reducing energy consumption