Welsh government turns on fuel poverty with £70m fund
Published by Max Salsbury for 24dash.com in Environment and also in Central Government, Communities, Housing
Leeds properties to be connected to gas mains in fight to tackle fuel poverty
The Welsh government has announced a £70 million fund to fight fuel poverty in the country's most deprived areas.
Alun Davies, minister for natural resources and food, has confirmed that £35m will be allocated in 2014-15 and another £35m in 2015-16 to encourage energy companies to invest in Wales.
The fund will be used as match funding to incentivise energy companies, who already have an obligation to improve the efficiency of UK homes, to invest in energy improvements.
Alun Davies said: “Increases in energy prices and the recent economic conditions have meant that more people across the UK have become vulnerable to fuel poverty.
“The Welsh government is committed to tackling fuel poverty. That is why we have invested heavily in the Arbed scheme, Phase 2 of which has seen energy efficiency measures like external and internal insulation and efficient boilers being installed in over 4790 homes in some of the most deprived parts of Wales.
“This additional £70m will allow us to build on the success of Arbed and ensure economic growth. We will use it to attract and incentivise private companies by offering to match fund their investment in improving the energy of efficiency of Welsh homes.
“Not only will this ensure warmer homes and lower fuel bills in some of the less wealthy areas of Wales, it will also offer new and lucrative opportunities for Welsh business and ensure a healthy supply of high quality job opportunities in communities across Wales."
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