On 12 October 2017 the Department for Business, Energy and Industrial Strategy (BEIS) published the government’s Clean Growth Strategy.
The Clean Growth Strategy aims to achieve a 57% reduction in CO2 from 1990 levels. With 13% of UK emissions coming from homes, this is clearly a focal area for the Government.
As part of the wide range of proposals, residential and commercial property owners alike will note the following announcements:
- A consultation in 2018 on how to improve the energy efficiency of new and existing commercial buildings.
- Consultation on raising the minimum energy efficiency standards for rented commercial buildings.
- Aiming to ensure that as many privately-rented homes as possible are band C or better under the Energy Performance Certificate (EPC) regime by 2030, with the remainder of homes by 2035 where cost effective, practical and affordable.
- Consultation on making the requirements for landlords to meet minimum energy efficiency standards (which will take effect from April 2018) more effective.
There was no sign of the ‘radical incentives’ Energy Minister Claire Perry had said the Government would consider, one of which was a potential reduction in Stamp Duty on properties that are energy efficient.
We will continue to monitor any developments in this area.
If you require any commercial or residential property advice, please contact either our Oxford office (01865 244661) or Bicester office (01869 252244).