Local authorities and housing associations across England will have the chance to secure a share by submitting their application via the Ricardo Application Portal by 23:59pm on 15th October, with successful applicants being announced in early 2022.
Through the first wave of funding, up to 38,000 social housing properties with an EPC rating of D or below are expected to receive energy-efficiency upgrades, such as insulation, windows and heating systems.
The investment will help tenants save around £170 per year on energy bills, while making their homes warmer and reducing carbon emissions.
Today’s is the first wave of funding out of a total £3.8bn to be spent over a 10-year period with the aim of improving homes across the country to be cheaper to run, more energy efficient and fit for the future.
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The fund follows an earlier demonstrator phase launched in March 2021, which awarded £62m to projects across England and Scotland to improve over 2,300 socially rented homes to a C EPC rating.
The SHDF is part of wider £9bn commitment to increase the energy efficiency of homes, schools and hospitals, set to drive forward the Prime Minister’s 10-point plan for a green industrial revolution.
Lord Callanan, minister for business, energy and corporate responsibility, said: “Today’s announcement is a vital step forward in eradicating UK fuel poverty and improving the lives and homes of low-income households, all while creating new work for local plumbers, builders and tradespeople who will be building homes fit for our greener future.
“With a real appetite among councils and housing associations to make their homes cheaper to heat and warmer to live in, this investment is putting the power in the hands of the people who know their communities best, allowing the right decisions to be made for each home they manage while ensuring the very best for their tenants and the environment.”