Lack of finance cripples commercial green deal

Businesses wanting to take advantage of the green deal to improve the energy efficiency of their properties will struggle to find a provider willing to work with them, the environmentalist has found

Nick Clegg and Ed Davey launch the green deal

Of the 24 firms listed on the official green deal website (greendealorb.co.uk) as offering the scheme for commercial properties, just two have confirmed that they could potentially offer assessment and installation services to businesses.

Under the government’s flagship energy-efficiency scheme, which launched on 28 January, homeowners and businesses can have their property’s energy efficiency independently assessed, and then pay for recommended energy-efficiency measures (such as the installation of wall insulation, new glazing or better heating equipment) through payments incorporated into future energy bills for the building. To be eligible for a green deal plan, cost savings achieved must be more than the loan repayments.

However, the Green Deal Finance Company (GDFC) – an independent organisation ...

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