The Government’s Warm Homes Plan announced the establishment of a strategic partnership with the green finance sector to build and diversify the range of green financing options available to homeowners.

The Government and the Green Finance Institute have now announced the formal launch of the Green Home Finance Strategic Partnership, co-chaired by Martin McCluskey, Minister for Energy Consumers at DESNZ and Dr Rhian-Mari Thomas OBE, CEO at the Green Finance Institute (GFI). The Partnership will help develop a mass market for green home finance in the UK, enabling consumers to upgrade their homes as and when they want to.

Working through a cross-sector steering group that includes Barclays, Citizens Advice, Energy Saving Trust, Energy UK, the Finance and Leasing Association, HSBC, Lloyds Banking Group, Nationwide, NatWest, Nesta, UK Finance, and the UK Green Building Council, the partnership will build on previous programmes and initiatives to scale green home finance solutions.

The new partnership will target the practical levers and interventions for both government and the lending sector to develop and deploy domestic green home finance solutions, to create a mass market by 2030 to underpin delivery of a universal Warm Homes Plan. The Committee on Climate Change estimates £373bn is needed to decarbonise the UK’s built environment by 2050 with 65-90 per cent required from the private sector.

Within a year, the partnership aims to have created a clear, shared roadmap for scaling green home finance, produced practical solutions for lenders and government, and begun widening access to affordable home‑upgrade finance for households.

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