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Green Deal Finance and it’s history

Green Deal Finance and it’s history

When Green Deal was set up in 2013 there was only one Green Deal finance party active, this was the Green Deal Finance Company (GDFC). Green Deal Providers (GDPs) would have to put any plans through the GDFC. The GDFC was set up by investment from the Government’s Department of Energy and Climate Change (DECC) and other investment parties, including InstaGroup.

After the general election in 2015, the DECC decided to stop any further funding of loans through the GDFC. Therefore, Green Deal providers such as InstaGroup were no longer able to sign up new customers for Green Deal home energy improvements with the costs being spread through their household electricity bills.

Green Deal Today

In January 2017, Greenstone Finance and Aurium Capital Markets (Aurium) acquired the business and assets of the GDFC and its existing loan book for in excess of £40m. Their aim is to turn the Green Deal proposition into a one-stop spot for eco-friendly energy shopping.

Due to this acquisition, Green Deal funding is now available to homeowners, landlords and tenants who are looking for help to improve the energy efficiency of their home. InstaGroup, with the Snug Network – our network of approved and certified Green Deal advisors and installers, are one of only 8 providers at present* who are eligible to offer Green Deal funding.

Green Deal funding can help you improve your homes energy efficiency through a new boiler or cavity wall, solid wall or loft insulation.

If you would like to apply for Green Deal funding, you can do so by completing the above form, emailing us at snugwebsite@instagroup.co.uk or calling us on 0800 840 6813.

*April 2017


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