a networking site for renewable/green energy businesses in Wales www.greenenergycluster.co.uk
Thursday, March 22, 2007
Budget 2007
In the budget yesterday, Gordon Brown announced:
  • 50% increase in funding for householder element of the Low Carbon Building Programme (an additional £6M)
  • Stamp duty on first £500,000 to be abolished until 2012 on all new zero-carbon homes
  • Ofgem to be called in to investigate how people who have installed microgeneration schemes can be better rewarded for the electricity they sell to the national grid.
  • Proposals to be made to EU to reduce VAT from 17.5% to 5% on energy-saving/environmentally-friendly products in the home
  • Banks have been asked to draw up proposals for "green mortgages" to help finance energy-efficiency measures.


all Official Budget documents in pdf format
Independent Online article
Guardian Online article

***UPDATE***
As part of their Budget announcement, the DTI have indicated that April's expected allocation of householder funding will be suspended while the scheme is re-structured. Proposals will be brought forward "in May"

LCBP homepage with announcement

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posted at 5:49 am by GEC support.
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