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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 exists to help businesses in Wales start up, strengthen and grow, by getting them the capital they need across a range of routes.

As a unique resource in Wales, we offer flexible finance to all businesses at all stages, with funds available from £1,000 to £10million.

Our teams of friendly and dedicated staff all across Wales are on hand to provide guidance on the right investment and support for your business, and can provide the local insight which we know business owners value.

We’re one of the top five institutional venture capital investors in the UK by volume, with more than £100m invested in tech businesses.

We also work alongside partner organisations like Business Wales, and offers co-investment alongside banks, crowd funders, grants, private and corporate investors and other lenders.

And we’re committed to helping Welsh businesses improve their sustainability and achieving net-zero goals, helping them to transition to Wales’ green business future.

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

 

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