Current status: Answered by Alasdair Allan on 19 December 2024
To ask the Scottish Government what finance mechanisms are being considered by the Green Heat Finance Taskforce to deliver the clean heat transition.
The Green Heat Finance Taskforce’s Part 1 report identified a range of finance mechanisms that could be expanded or developed to support individual property owners finance the upfront costs of installing clean heat and energy efficiency measures. These included approaches to encourage greater secured lending, developing equity release products focused on retrofit and exploring the potential to offer property linked finance in Scotland.
Its Part 2 report will cover financing place-based and social housing retrofit programmes as well as financing of heat networks. The report will focus on how to attract private investment at scale to unlock blended finance opportunities, combining public and private contributions, to deliver coordinated activity across multiple properties.