GDHIF to be cut from tomorrow

[TedM]

From tomorrow the £6000 available via GDHIF is to be cut to £4000.

https://www.gov.uk/government/news/...und-reaches-50-million-milestone-in-six-weeks

From Friday 25th July, Green Deal Home Improvement Fund domestic energy customers can get:

up to £1000 for installing two measures from an approved list; and/or
up to £4000 for installing solid wall insulation; and
up to £100 refunded for their Green Deal Assessment

The Green Deal Home Improvement Fund also entitles those who have bought a property in the 12 months prior to application to qualify for up to an additional £500 if they carry out recommended energy efficiency improvements under the scheme. In December 2013, the government announced a £540 million three year energy efficiency package with at least £120 million available for energy efficiency schemes from April 2015.

 

[Worcester]

Hi TedM, it's worse than that - it's now closed

"The Green Deal Home Improvement Fund closed for applications at 6:30pm on Thursday 24 July"

https://www.gov.uk/government/news/applications-to-the-green-deal-home-improvement-fund-close

How can anyone build and plan and manage a business when the government can't manage a budget?

The implication is that after the announcement on the 22nd, within less than 48 hours, they committed an additional £70m so consuming the budget.

 

[Worcester]

Here are the figures:

They announce the reduction and 44% of all the applications come in less than 2 days.

This is worse that the FiT cut fiasco of November 2011.

Table 1: Green Deal Home Improvement Fund (GDHIF) applications received, vouchers issued, and total potential value of vouchers issued, cumulative total by week

Week[SUP]4 [/SUP]	Applications received[SUP]1[/SUP]	Fund allocation[SUP]7 [/SUP]	Vouchers issued[SUP]2, 5[/SUP]	Total potential value of vouchers issued[SUP]3, 5[/SUP]
16th June 2014	1,736		431	£2,612,900
23rd June 2014	2,821		1,415	£8,514,800
30th June 2014	4,490		2,786	£16,547,800
7th July 2014	6,645		4,405	£25,136,800
14th July 2014	9,559		6,607	£36,484,100
21st July 2014	12,220		7,925	£43,508,100
24th July 2014[SUP]6[/SUP]	21,683	£118,269,300	9,357	£50,425,200

1The number of applications received by the GDHIF Administrator.
2Vouchers issued is the number of applications which have been accepted by the GDHIF Administrator, and a GDHIF voucher has been issued as a result.
3Total potential value of vouchers issued is the maximum amount of money that could be paid out under the vouchers issued to date.
4Covering the period up to the end of date reported.
5 Vouchers Issued and Total Potential Value of Vouchers Issued does not include any payments redeemed by customers, about to be paid to customers or payments at the start of the redemption process.
6 Figures as of 6.30pm when GDHIF closed to new applications
7 Total maximum potential value of vouchers issued, pending applications still to be processed, payments redeemed by customers, payments about to be made to customers and payments at the start of the redemption process