£3 billion green construction package expected for UK this week

It's being widely reported that the Chancellor of the Exchequer will announce a £3 billion package of measures for green construction improvement projects.

This week, UK Chancellor Rishi Sunak will deliver a budget that is expected to include £3bn for the improvement of energy efficiency of homes and public buildings, to support jobs in the sector and help the UK achieve its aim for net zero greenhouse gas emissions by 2050.

£1 billion of the pot will be spent on public sector buildings, while the remaining £2 billion will be used to cover the costs of insulation and double-glazing for homes.

“Investment in green jobs and technology must be at the centre of our efforts to revive the economy," said Rain Newton-Smith, CBI Chief Economist. "Help to create new, sustainable jobs for the future and improve energy efficiency will bring benefits to consumers and business customers alike across the UK.

“This £3 billion package of measures will undoubtedly fast-forward progress towards net-zero. With the Government’s own manifesto promising £9.2 billion on energy efficiency alone, we look forward to seeing the full details on delivery of its ambition to build back greener.”