EU opens door for £600m Green Deal funding boost

The European Commission has confirmed State Aid approval for the Green Deal, which could see Green Investment Bank funding for the Government’s flagship energy efficiency scheme.

Up to £600m of public support could be provided to the Green Deal under State Aid rules, after officials ruled the scheme could make a “significant contribution” to the EU’s common objective of improving energy efficiency, 5% to 20%, arguing that such an increase would badly undermine the attractiveness of the Green Deal and damage wider efforts to improve energy efficiency.