News | Legal News

24 November 2020

The Prime Minister unveils £12bn Net Zero Plan

The Prime Minister, Boris Johnson has announced a new £12bn ten point plan, which aims to create 250,000 green jobs and ‘allow the UK to forge ahead with eradicating its contribution to climate change by 2050’.

With regards to property, point seven in the programme focuses on:

“…Making our homes, schools and hospitals greener, warmer and more energy efficient, whilst creating 50,000 jobs by 2030, and a target to install 600,000 heat pumps every year by 2028.”

Heat pumps decrease carbon emissions by taking heat from outside to warm buildings.

President of the RIBA, Alan Jones commented on the plans in the Architects Journal:

“It is ‘positive to see the PM recognise the need to tackle the UK’s housing emissions crisis. That said, we need a long-term plan – a National Retrofit Strategy – that includes fresh thinking such as a new stamp duty policy to encourage homeowners to invest in sustainability.

‘When it comes to energy efficiency, our homes are fundamentally below the mark, and this will only be made more obvious by the changes in working habits brought about by the Covid-19 pandemic.’

Julie Hirigoyen, chief executive of the UK Green Building Council, added: 

‘Retrofitting our existing homes, which are some of the draughtiest in Europe, is critical to driving down emissions across the country... [The government should] reduce VAT on home renovation to encourage households to make their homes warmer and more comfortable.’

B P Collins’ commercial and residential property teams will continue to monitor all guidelines and regulations that develop from the plan, to ensure all developers and landlords are compliant with the law; and that homeowners can best avail of any government assistance to help make their homes as energy efficient as possible. Please call Maria Mowberry on 01753 889995 or email enquiries@bpcollins.co.uk.

Maria Mowberry

Maria Mowberry

Tel: 01753 279092 | 07894 608251

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