Applications for rebates on Green Deal initiatives under the Home Improvement Fund scheme have been closed with immediate effect. The popularity of the scheme is being used as principle reasoning as to why the scheme has been closed.
The popularity of the scheme initially saw the amount a landlord could claim for cut by £1,000 along with restrictions on what improvements could be claimed on. The scheme was inundated with claims after this initial announcement and has now been formally closed.
Obviously this is very disappointing news considering the popularity of the scheme. If a landlord has a property, let alone several old properties, the cost to improve the energy efficiency and performance could costs tens of thousands of pounds.
The Department of Energy & Climate Change (DECC) has published a document answering questions about the closure of the Home Improvement Fund…you can read/download the document on the Government website.
The RLA is still looking for partners to help landlords invest in energy efficient measures for their homes. While the Home Improvement Fund seems to be over, it is important to consider the benefits of improving your properties through energy efficiency measures. You can read the RLA guide on energy efficiency here.