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How Businesses Can Utilise the Green Homes Incentive

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Cenydd Rowlands, Property Director at the Development Bank Wales, spoke with Business News Wales to discuss the green homes incentive, why its been brought in and the benefits it poses.

The Greener Homes Incentive aims to help deliver more thermally efficient and lower carbon homes in Wales and is funded by the Welsh Government, and aims to help tackle the Climate Crisis.

Interview Highlights

  • The Greener Homes Incentive is split into two key opportunities across construction and use, ensuring they have a lower carbon impact.
  • The three main benefits offered by the Green Homes Incentive are improved thermal efficiency, embodied carbon point, and encouraging the use of non-fossil fuel heating systems.
  • These benefits will encourage developers to use more green initiatives when building new homes, ahead of the likely introduction of these requirements in law.
  • These incentives could equate to between 20% and 30% of the additional cost of introducing the new measures.
  • We want to encourage developers to consider greener options and to help them along Wales’ carbon-reduction journey

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The Development Bank of Wales funds businesses that they think will benefit Wales and its people. The ones that will create ripples of growth- those that are more than a good business model or a great idea. They finance responsible businesses – those with a strong social, ethical and environmental standards, as well as real commercial promise.

By providing sustainable, effective finance where options have seemed limited, they bring ambitions to life and fuel possibilities for people, businesses and communities in Wales and beyond.

The Development Bank’s ‘big picture’ view means it can often help with debt and equity finance when options seem limited, doing whatever it takes to make a positive difference, bringing together the right people and working collaboratively to find a way to make things happen for Welsh businesses and for Wales.

Its teams are embedded in local communities, working out of regional offices that give customers direct access to key decision-makers and signposted avenues of support. They understand what’s happening in Wales’ villages, towns and cities – the challenges and the opportunities. They see the potential for business growth as a catalyst for enhancing lives and communities in Wales and beyond.

For more information, visit the Development Bank website at www.developmentbank.wales to find out more.
 

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