The Mayor of London has announced that £50 million will be allocated to improve the energy efficiency of more than 175,000 homes in the capital.
The Mayor Boris Johnson has contracted Capita Symonds to provide support to ensure energy efficiency improvements, worth at least £50 million, to homes by 2017.
It is estimated that these measures could save residents up to £180 a year on their energy bills.
UK Green Building Council director of policy and communications John Alker said: “With rising energy bills sure to be hitting the headlines over the coming months, energy efficiency is by far the most cost effective way to permanently bring them down. This funding will help hard-pressed Londoners this winter and is a welcome boost for the capital’s green housing ambitions.”
A further £145m has been secured from the Government’s ‘Decent Homes Funding’ that will be distributed to London boroughs to improve housing standards.