Boiler replacement scheme £90m underspent in first year
The Government’s much-publicised Boiler Upgrade Scheme has failed to meet the target of boilers replaced by taxpayer-subsidised heat pumps.
The scheme had a budget of £150m to fund 30,000 heat pump installations in its first year.
But latest figures released by regulator Ofgem show that in the first 12 months under 10,000 households received their £5000 subsidy voucher.That means £90m of unspent budget will now be returned to the Treasury.
The scheme has another two years
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