Green Deal

DEFINITION: A UK Government policy launched in 2012 to provide properties with loans for energy efficiency measures. The loans were repaid through energy bills and transfer with the property rather than those who took out the loan. High interest rates and charges of the scheme resulted in a lack of demand for the Green Deal, and the programme was scrapped by the Conservative Government in 2015.

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The company hopes to extend finance offers across a wider number of Green Deal Providers over the coming months

Green Deal loan scheme relaunches

The Green Deal Finance Company (GDFC) has relaunched financing streams for households to improve the energy efficiency of a building through a number of providers and installers, for the first time since July 2015.
The report calls on Government to reduce household energy bills and fuel poverty, create more than 100,000 jobs through efficiency measures and deliver one million homes

Green buildings primed to assist Government with national policies

The construction and property industry is "eager" to work with the UK Government to boost housebuilding standards, improve economic growth and help achieve binding carbon targets, but this will only be possible if an array of new policies are introduced.
The Green Deal Finance Company was established to support the Green Deal scheme by buying up loans from providers; it currently has a loan book worth more than £40 million

Is the UK set for a Green Deal resurrection?

The Green Deal Finance Company and its assets have been bought by Aurium Capital Markets and Greenstone Finance for an undisclosed sum.
The review was launched in June 2015 by Government after the Green Deal scheme was closed

Bonfield energy efficiency review calls for new framework

An independent review into energy efficiency and home renewable energy measures has called for greater consumer protection through a new framework and quality mark.