Rockwool joins Green Deal Finance Company

Rockwool UK, the stonewool insulation manufacturer, has joined the consortium of organisations that make up The Green Deal Finance Company.

The GDFC is made-up of private sector organisations, including fellow insulation company Knauf Insulation local authorities and finance specialists and has been established as a not-for-profit company to provide access to cheap finance for homeowners and businesses which are looking to improve the energy efficiency of buildings through the Government’s Green Deal programme.

This flagship environmental initiative is due to be launched in October and the Government hopes it will usher in the biggest home improvement programme since the Second World War.

Home and business owners and landlords will be encouraged to make energy efficiency improvements to their buildings and to cut their carbon footprint and running costs at no up-front-cost by accessing low-cost loans which are then repaid via their energy bills.

Rockwool joins a consortium of leading organisations on the Green Deal Finance Company consortium, including: British Gas, Carillion, Clifford Chance, E.ON, EDF Energy, Goldman Sachs, HSBC, Insta Group, Kingfisher, Linklaters, Lloyds Bank Corporate Markets, Mark Group, npower, PwC, RBC Capital Markets and SSE.

Rockwool managing director Thomas Heldgaard stated: “We are delighted to join The Green Deal Finance Company and to play our part in helping to finance the Green Deal home improvement revolution.

“Rockwool has played a key role in helping to improve the energy efficiency and reduce the running costs of homes in the UK, providing insulation as part of the CESP and CERT schemes that were the predecessors to the Green Deal. We believe the Green Deal has the potential to make a significant contribution to the UK’s efforts to reduce energy costs and to cut the carbon footprint of homes and business premises and we look forward to working with the other consortium members to make this a reality.”