Council will partner with banks and energy suppliers to make 10,000 properties more energy efficient
Birmingham Council is planning to carry out energy effieciency upgrades to over 10,000 properties in a ’green deal’ that should be pushed through this week
According to a report in the Guardian, it will be the biggest project for retrofitting housing through an energy efficiency upgrade scheme yet seen in the UK and is worth around £100m.
The plan - Birmingham Energy Savers - will be jointly funded by Birmingham council together with investment from energy suppliers and commercial banks, and follows on form two pilot schemes.
Under the scheme, the commercial banks will provide half the up-front investment, supplemented by £25m from the energy companies and £25m borrowed by the council. Consumers will pay a levy on their energy bills to repay the loans.
The council, run by a Conservative-Liberal Democrat coalition, has been working on the idea of a Birmingham “green new deal” for the past year following the commitment made in 2006 to cut carbon emissions by 60% by 2026.