Private finance to get the Green Deal off to a successful start.

Important next steps for the Green Deal

A £7m loan from the Department of Energy and Climate Change (DECC) to The Green Deal Finance Company (TGDFC) has been agreed today that will allow TGDFC to continue developing its offer of low cost finance, expected to be available early in 2013. Green Deal Providers will be able to access finance through TGDFC, enabling them to offer low cost finance packages to consumers upgrading their homes under the Green Deal.

Private finance to get the Green Deal off to a successful start.

The Green Deal is also being considered as an early candidate for the use of infrastructure guarantees, Danny Alexander, the Chief Secretary to the Treasury, announced today. DECC and HM Treasury are jointly looking at whether and how credit enhancement could work to catalyse private finance to get the Green Deal off to a successful start.  This demonstrates the Government’s commitment to working with the private sector to provide finance at a low but sustainable cost to Green Deal customers.

From today, the register for Green Deal Providers, Assessors and Installers will also open. The register will give the seal of approval to businesses that successfully go through the authorisation process.

All authorised Green Deal Providers, Assessors and Installers will have to display the new Green Deal Quality Mark to demonstrate they comply with the required Green Deal standards. This will be vital for protecting customers from any rogue traders. Only registered and authorised businesses will be able to use this mark.

Businesses wishing to become Green Deal Providers can apply directly online to become authorised, while accredited certification bodies will be able to submit the details of Assessors and Installers they have certified to the new Green Deal standards for approval.

New guidance is available on the DECC website which clearly explains what is required get the Green Deal Quality Mark and to become an authorised Provider. This complements existing guidance setting out how to become an authorised Assessor or Installer.

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