Tuesday 27 September 2016

Scotland pilots energy efficiency and repairs loan scheme

Scotland pilots energy efficiency and repairs loan scheme

A new £10 million pilot scheme to increase energy efficiency and help repair homes has been launched in Scotland.

The initiative in Glasgow, Argyll and Bute and Perthshire will provide loans of up to £40,000 to homeowners on low incomes to help them make essential repairs to leaking roofs and building structures.

The funding can be used either as a single equity or with other existing grants provided by the Scottish Government to fund more expensive measures like solid wall insulation or a package of energy efficiency works.

Householders will repay the loan when the property is sold or they transfer ownership. There will be no monthly interest, with the amount repaid linked to the value of the house at the time the loan is paid back.

Scottish Housing Minister Kevin Stewart said: “We know leaking roofs and poor building structures can drive up energy bills and make them more difficult to heat but for low income households they can often be too costly to repair.

“Making sure everyone has access to a warm and affordable home is a priority for this Government which is why we have committed half a billion pounds over the next four years, meaning over £1 billion by 2021, to tackling fuel poverty and improving energy efficiency.”

Written by

Bruna Pinhoni

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