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Boiler Upgrade Scheme funding reduced by circa £750 million in 2026 budget
The funding for the BUS grant appears to have been subject to a substantial cut in yesterdays budget.
The statement in section 4.36 page 59 of the budget 2026 document states, "The government remains committed to heat pump deployment and will
maintain the Boiler Upgrade Scheme at current funding levels of £400 million in 2027‑28 and rising broadly in line with inflation thereafter".
However, previously the amounts allocated for 2027-28 were £600 million, 2028-29 £683 million, 2029-30 £709 million.
OBR inflation projections in the budget document are 2027 3.4%, 2028 2.1% and 2029 2.1%. If that happens, then the run out of the BUS funding would be:
2027-28 £400 million, 2028-29 £414 million, 2029-30 £422 million.
That amounts to an overall cut of £756 million compared to the previous levels.
That's three quarters of a billion pounds that disappears in the less than transparent statement in the budget...
Currently viewing this topic 6 users ( Watcher, Majordennisbloodnok, davidnolan22, scrchngwsl, SKD, Rob of York ) and 6 guests.
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