The Chancellor’s letter to the CEO of the UK Infrastructure bank, John Flint, outlining a new strategic steer for the bank with a clear focus on retrofit technology, is a positive sign the Government is recognising the need to develop the retrofit market to cut carbon emissions.
The Federation of Master Builders (FMB) called the letter a clear signal that the Government recognises the value of retrofit technologies to help decarbonise the UK’s existing housing stock.
However, Brian Berry, Chief Executive of the FMB, said the current focus on heat technology needs to be expanded to include the need to insulate our 29 million homes most of which are leaky and energy inefficient.
“The construction industry has been calling for a national retrofit strategy to incentivise energy efficient upgrades to our existing homes,” he continued.
“Future plans to make our homes greener and more energy efficient must be long-term, so that consumers and builders alike have confidence in upgrade schemes.
“A national retrofit strategy would help lower energy bills for consumers, helping them out during the ongoing cost-of-living crises, and create an economic boost for small builders, stimulating local economies.”
