Green New Deal Housing Plan launched
Cross party support
The Green New Deal Housing Fund has cross-party support, with representatives Stephen Farry MLA, Conal McDevitt MLA, Mitchel McLaughlin MLA, Danny Kinahan MLA and Simon Hamilton MLA, taking part in the launch.
£253 million investment scheme
The Plan sets out details of a £253 million investment scheme that will see the energy retrofit of 100,000 homes over a three-year period. The scheme will see over 2,300 jobs created, 50,000 households currently in fuel poverty will benefit, and it will result in a reduction of over 20% in average carbon emissions for homes.
Through investment in energy efficiency and renewable energy, the business plan details proposals to tackle the recession, energy security and climate change.
Thousands of new jobs
Using its substantial expertise from the public, private and third sectors, the aim of the Green New Deal is to create thousands of jobs in the construction industry and renewable energy sector through the Housing Fund - a comprehensive programme of retrofitting homes.
The group is asking government to provide £72m over the three-year period, while the remaining investment required will be sourced from borrowing from the European Investment Bank and commercial or social finance institutions.
Iain Osborne, Chair of the Northern Ireland Green New Deal Group said:
“We are fully aware of the funding constraints currently affecting government, however we believe they must react and take leadership in order to help businesses recover from the recession, enable consumers to reduce their energy bills and save money, while also reducing carbon emissions and energy usage.”
Nigel Smyth, Director, CBI Northern Ireland and member of the Green New Deal Group believes that the Housing Fund is a much needed lifeline for the building industry in Northern Ireland:
"We believe the Green New Deal Housing Fund will provide businesses and the construction industry with a much needed boost and it is vital that we take action now."
Peter Bunting, ICTU Assistant General Secretary said:
“This plan offers exceptional value for the public purse, is extremely socially useful and will deliver for the short-term needs of our economy and the long term needs of our environment.”
The Northern Ireland Green New Deal group is a coalition of 40 organisations and individuals from across the public, private and third sectors led by Bryson Group, CBI, Energy Saving Trust, Friends of the Earth, Irish Congress of Trade Unions, Institute of Directors, NI Council for Voluntary Action, NI Housing Executive, Sustainable Development Commission, Utility Regulator and Ulster Farmers Union.
Find out more about the Green New Deal at www.greennewdealni.org or download the full business plan and a summary version below.
There is also a feature in the Belfast Telegraph.