Chancellor Rishi Sunak is set to unveil a £3 billion green investment programme to create jobs, upgrade buildings and protect the environment as part of efforts to rebuild the economy following Covid-19. The £3 billion investment aims to help the UK “build back greener” and meet its legally binding target to cut greenhouse gas emissions to net zero by 2050.
As part of the package, £1 billion is expected to be set aside to transform schools, hospitals and other public buildings so they are greener and more energy efficient.
Commenting on the government’s £3 billion package of green investment to decarbonise public buildings and cut emissions, BCC Co-Executive Director Claire Walker said:
“This scheme is a first step toward supporting livelihoods and achieving important carbon emissions targets. Our business communities across the UK have called for an economic recovery that prioritises jobs and supports our net-zero ambitions, as part of a coherent strategy to restart, rebuild and renew. BCC research indicates that the economy has endured an historic setback in the last quarter. Businesses will need to see further, bolder measures to protect and create jobs.”