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<p>Maximising the economic benefits of long-term investment in energy efficiency programmes
is a central component of the government’s approach to decarbonising our building
stock on the path to Net Zero.</p><p> </p><p>The ONS estimate that already 114,400
people are employed in the energy efficiency sector and this will need to expand significantly
to support our aspiration to raise the energy efficiency of all homes to EPC Band
C by 2035 - where practical, cost-effective and affordable. The policies already set
out in the 10 Point Plan are expected to generate £11bn in private investments in
heat and building decarbonisation over the 2020s and their effect on the economy are
already being felt.</p><p> </p><p>Since June, we have provided £1.5bn to support low
income households across the country to improve their energy efficiency while also
expanding the Energy Company Obligation to £1bn per year. Together, this is estimated
to support over 25,000 jobs and save households an average of £350-450 per year on
their energy bills.</p><p> </p><p>The upcoming Heat and Buildings Strategy will set
out further detail on the Government’s plans to maximise the potential economic benefits
of improving energy efficiency.</p>
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