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<p>The Clean Growth Strategy set out the Government’s aspiration that as many homes
as possible will be upgraded to an Energy Performance Certificate (EPC) band C by
2035, where practical, cost-effective and affordable. The total investment required
depends on a number of factors, including the mix of technologies used to achieve
improvements, how they are financed, and how the costs of technologies change over
time.</p><p> </p><p>The Government is focussed on mobilising investment to help meet
this aspiration and the other goals set out in the Clean Growth Strategy, and reducing
the cost of investment required by encouraging innovation.</p><p> </p><p>Alongside
the Clean Growth Strategy, the government set up the Green Finance Taskforce, which
brought together senior leaders from the financial sector. One of their objectives
was to help deliver the investment needed to meet the ambitions and commitments set
out in our Clean Growth Strategy whilst consolidating the UK’s leadership in financing
international clean investment. The Taskforce published their recommendations in March
this year. The government is currently considering these recommendations and will
respond in due course.</p><p> </p><p>The Government also launched two new £10 million
innovation programmes to develop new and improved energy efficiency and heating technologies
to help reduce the cost of improving homes. The funds closed to applicants on 2 January,
and we are currently reviewing bids.</p><p> </p><p>Further, the Government published
a Call for Evidence on building a market for energy efficiency including additional
measures to reduce the cost of investment required to improve homes. This Call for
Evidence closed on 9 January 2018. Following an evaluation of the responses, we will
publish an action plan on additional market based measures later in 2018.</p>
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