Council approves £250k loan scheme for low-energy efficiency homeowners

Waltham Forest is launching an “energy upgrade loan” scheme for homeowners and landlords, reports Josh Mellor, Local Democracy Reporter

Credit: Monkey Business Images via Canva

A pilot scheme, approved by cabinet this week, will make a total of £250,000 available for owners of homes with low energy efficiency.

Owner occupiers and landlords will be able to take out zero-interest loans for energy efficiency improvements such as replacing windows and doors or loft insulation.

Deputy leader and cabinet member for climate and air quality Clyde Loakes said: “Clearly this will test the appetite for this and will help a lot and hopefully will help and enable more households to reduce their carbon footprint and use less energy.”

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According to papers approved by cabinet, an online survey of visitors to the council’s eco show home in Walthamstow found 78% of people felt finance would help make a difference to their home’s energy efficiency.

The loans will only be available to owners of homes with an Energy Performance Certificate (EPC) of D or lower.

If the scheme is successful, the council may turn it into a revolving loan scheme where more loans are issued with money that is repaid.

More information is available about the council’s climate change action plans, and other funding and support, here

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