Government unveils £80m energy efficiency innovation push, as fears grow over promised building upgr

BUSINESS GREEN | Almost £80m of funding to support a range innovative energy efficiency projects has been announced by the government today, as it faces growing pressure to ramp up investment in renovating buildings to support a green recovery from the looming recession.

The new investment covers a wide range of programmes, with £30m going towards the first phase of the Industrial Energy Transformation Fund (IETF) aimed at energy intensive manufacturers such as car factories and steel plants; a further £25m earmarked for heat networks, including one project in Gateshead to harness geothermal water sitting in disused mine shafts to heat 1,250 homes; and the remaining £24m focused on new approaches for installing insulation for social housing at scale, rolling out heat pumps, and supporting the development of innovative green home finance products.

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