UK to launch new billion-pound home insulation programme

Public funding

Britain's government intends to make 1 billion pounds of public funding available for home insulation projects from early next year, widening access to assistance that was previously only available to poorer households. The government said the proposed scheme would run from early 2023 until March 2026 and would help meet a recent target to reduce energy consumption by 15 per cent by 2030. "Our new ECO+ scheme will help hundreds of thousands of people across the UK to better insulate their homes to reduce consumption, with the added benefit of saving families hundreds of pounds each year," finance minister Jeremy Hunt said in a statement on Monday. Britain is currently facing its biggest squeeze on living standards on record, according to government forecasters.