The government must close a “gaping hole” in its National Infrastructure Plan and invest up to £4bn a year in a new energy-efficiency programme, a group of major organisations has urged.
In an open letter to commercial secretary to the Treasury Lord Deighton, 20 leaders in the construction, housing and environment sectors have warned of the “significant” investment needed to “transform the UK’s ageing housing stock”.
They argue the government should invest between £3bn and £4bn a year in capital investment to fund an energy-efficiency programme.
This investment would address market failures and leverage substantial additional private investment, the signatories said.
Signatories included the National Housing Federation, National Insulation Association, Centre of Refurbishment Excellence and UK Green Building Council.
They also called on the government to make 1m deep retrofits each year by 2020.
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UK-GBC chief executive Paul King said: “There’s a gaping hole at the heart of the government’s plan for infrastructure, and that gaping hole is the energy efficiency of our ageing housing stock.
“Government has so far failed to recognise the huge opportunities it presents but it’s not too late [to make] home energy efficiency a national infrastructure priority.”
The letter comes as the group of organisations published a report (attached, right) arguing the economic benefits for improving home energy efficiency.
Points raised in the report, A Housing Stock Fit for the Future:
- Generating “significant” economic growth and doubling the number of jobs in the energy efficiency sector to 260,000.
- Improving energy security and reducing the UK’s reliance on imported gas.
- Reducing carbon emissions to meet carbon targets and combat climate change.
- Permanently reducing energy bills by £300 a year and lifting nine out of 10 homes out of fuel poverty.
- Improving health and wellbeing, reducing excess winter deaths and lowering NHS and social care costs.