In order to help build more energy efficient buildings, the Government has stated they will invest up to £150 million towards the UK construction industry. £60 million will be invested from The Technology Strategy Board over the next five years supporting the design and progress of the buildings, which have a lower energy usage and are therefore more energy efficient. This figure is expected to be matched by the private sector and a further £30 million to be provided by the government and other agencies.
This pledge by the government is expected to aid with the UK’s target of reducing greenhouse gas emissions by 50% by 2025. Vince Cable, the Business Secretary explains how the UK’s current and new buildings need to conform to a low carbon economy. The Government has announced this after new rules were implemented for all new constructions in England to have energy saving features installed.
He states how “The construction industry contributes almost £90 billion to the UK economy and supports three million jobs. We are well placed to take advantage of the new and emerging energy efficient technologies, commercialise them and then export them across the world.”
Over the previous five years, The Technology Strategy Board have invested approximately £83 million into the construction of low carbon buildings through the Low Impact Buildings Innovation Platform.
David Bott, the Director of the Innovation Programmes at the TSB revealed how the reduction of 80% green house gas emissions by 2050 “called for innovation on a grand scale.”