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The Welsh Government has launched a £70 million initiative to upgrade housing stock to support the country’s drive towards achieving net-zero emissions by 2025. The Scheme will run until March 202 and prioritises lower-income households, help tackle fuel poverty and improve living conditions while cutting energy bills.
The Senedd’s Local Government and Housing Committee has published its long-anticipated report on the Private Rented Sector (PRS), with 13 recommendations set to shape the future of housing in Wales. We provided written and oral evidence as part of the inquiry and welcome the adoption of several of our long-term policy calls but warn proposals could negatively impact landlords and the supply of rental properties.
Propertymark has prepared deliverable and achievable spending commitments that will increase the supply of privately rented accommodation, boost owner-occupation, and support landlords and homeowners decarbonise properties. Our proposals include Stamp Duty Land Tax (SDLT) reform to encourage last-time buyers to downsize, reversing Section 24 of the Finance Act, and interest-free energy-efficiency loans.
The UK Government has published details of their Warm Homes Plan to upgrade five million homes in England to EPC C over the next five years. Beginning in April 2025, the Warm Homes: Local Grant will be delivered by Local Authorities and provide up to £15,000 each for low-carbon heating and energy performance improvements in owner-occupied or privately rented homes.