Kirsten Oswald – 2016 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Kirsten Oswald on 2016-04-25.

To ask the Secretary of State for Energy and Climate Change, what the cost is of closing the Green Deal Finance Company in (a) payments to consultants and (b) other costs.

Andrea Leadsom

DECC has made no payments to consultants in establishing the Green Deal Finance Company, but in other costs payments of £10,294.26 in legal support were made in 2014/15.

The Green Deal Finance Company has not been closed. It is not currently issuing new loans, but continues to collect repayments from its existing loan book. In July 2015, DECC took the decision that the case for further investment was not strong enough in terms of value for money. This decision has no impact on existing Green Deal Finance Plans or existing Green Deal Home Improvement Fund applications and vouchers.

The Green Deal Finance Company is a private company and has its own internal costs which are not included in this estimate.