More positive 'noise' around Green Deal
Further to our announcement that the Green Deal Finance Company (GDFC) had been sold to new investors (Greenstone Finance and Aurium Captial Markets) back in January 2017 (see previous news item here), the Government this week published an update to the Green Deal Code of Practice (v.5). Following normal legal process this document now sits for 40 days with both the House of Commons and House of Lords; if there are no challenges then the department for Business Energy and Industrial Strategy (BEIS) will publish it, which will substitute the current version 4 which was issued on 23rd June 2014.
The document essentialy set outs the requirements of all the relevant parties involved in Green Deal including Green Deal Providers, Green Deal Assessors, Green Deal Installers and Green Deal Certification Bodies.
This has been relatively unheralded, but in a positive way shows that the Government and the new investors are pressing ahead with a renewed effort on Green Deal.
Elmhurst will trawl through the document looking for the changes that are proposed and the impact that they will have to all stakeholders and will make a comment when we have digested the finer details.
Elmhurst note at the same time the ‘noise’ surrounding Minimum Energy Efficiency Standards (MEES) in the Private Rental Sector (PRS) is increasing dramatically. We have seen many publications suddenly focussing on this important legislation. As our members will know we at Elmhurst have encouraged everyone to understand the implications of this vital legislation since way back in 2016 when it started. These new regulations will mean that huge volumes of domestic and non-domestic properties will ultimately be at risk from not being able to let, from April 2018.
We have provided fact sheets and tools to our energy assessors so that they can help Landlords understand the law, and more importantly show them how to go about ensuring that their properties can continue to meet the requirements next year.
Green Deal clearly offers landlords an avenue to install energy efficient measures in buildings and get tenants to pay through reduced fuel bills. It is obvious that the new investors see this as an exciting opportunity. We welcome the renewed focus on Green Deal and we will work with all parties to ensure that this finance is part of the mix when it comes to helping people make good choices in terms of energy efficiency improvements.
Green Deal Code of Practice (V5)
Elmhurst Fact sheets for MEES & PRS