Green Home Finance Accelerator (GHFA)
Innovative finance solutions to decarbonise the UK’s housing market
The Green Home Finance Accelerator (GHFA), part of the UK Government’s Net Zero Innovation Portfolio (NZIP) will provide up to £20 million grant funding to support the design, development and piloting of a range of finance propositions which encourage domestic energy efficiency and low carbon heating retrofits in the owner-occupied and private rented sectors.
The UK Department for Business, Energy & Industrial Strategy (BEIS) wants as many UK homes as possible to reach Energy Performance Certificate (EPC) C by 2035. Private investment, alongside government support, will be essential to meet this target – and the green finance market can play a crucial role in helping homeowners decarbonise their properties.
About the Green Home Finance Accelerator
In October 2022, BEIS launched a grant competition to fund the development of green finance products which can enable uptake of home energy efficiency and low carbon heat measures in the non-fuel poor sector.
The programme aims to accelerate activity in the green finance market and support the establishment of a diverse range of green finance products which incentivise domestic energy performance improvements across a range of consumer segments. Critical to achieving its aims, GHFA seeks to encourage partnerships between lenders, investors, energy efficiency, low carbon heating and property value chains, leading to products which offer homeowners more complete end-to-end services.
On top of driving innovation the GHFA aims to explore consumer barriers and motivators for energy efficiency and work towards helping to reduce these barriers and finance domestic low carbon heating and energy efficiency.
The Green Home Finance Accelerator is being supported by PwC and the Carbon Trust.