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22 Oct 2010 10:10:01

Task of renovating UK housing stock 'underestimated'

Task of renovating UK housing stock 'underestimated'
Few people have grasped how large the task of refurbishing the UK's entire housing stock will be, the minister of state for energy and climate change has said.

Greg Barker said that the task represents a "huge challenge" but should drive high levels of investment and create many green jobs.

Mr Barker said that "basic" changes, such as the installation of loft and hard wall insulation, will have to be carried out, but there are many other interventions that can take place as well.

Commenting on the Renewable Heat Incentive (RHI) and the Green Deal, he said that there is a "complex evaluation" that needs to take place to ensure that the UK gets the biggest return on its investment.

"You have got to balance the maximum number of people, but you have also got to get the right spread of technologies and also make sure you get the maximum amount of carbon reduction from the spend that you have," he explained.

In his Comprehensive Spending Review earlier this week, George Osborne announced up to £1 billion of funding for the Green Investment Bank and £860 million for the RHI.  ADNFCR-1235-ID-800136502-ADNFCR

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