This partnership between both institutions aims to accelerate the growth of the green home finance market in the UK, enabling consumers to upgrade their homes as and when they want to.

The launch of this new partnership comes only weeks after the Government published its Warm Homes Plan, which aims to deliver £15 billion in public investment to support the installation of solar PV, battery energy storage systems (BESS) and heat pumps primarily.

The new partnership will be co-chaired by Martin McCluskey, Minister for Energy Consumers at the Department for Energy & Net Zero (DESNZ) and Dr Rhian-Mari Thomas OBE, CEO at the GFI, and supported by Secretary of State Ed Miliband.

The launch of this new partnership comes ahead of the government’s launch of the Future Home Standards legislation, which was due to be published in January 2026. This mandate would include measures aimed at improving carbon emissions from domestic properties. This would be achieved through rooftop solar PV, insulation and heat pumps, among others.

Four steering groups with industry experts

Within a year, the partnership aims to create a shared roadmap to scale green home finance, develop practical solutions for lenders and the government, and expand access to affordable home upgrade finance for households.

Working through a cross-sector steering group comprising financial institutions, energy providers, consumer groups, and the government, this new partnership will build on previous programmes and initiatives to scale green home finance solutions.

The steering group members will include Barclays, Citizens Advice, Energy Saving Trust, Energy UK, the Finance and Leasing Association, HSBC, Lloyds Banking Group, Nationwide, NatWest, Nesta, UK Finance, and the UK Green Building Council.

“Together, these stakeholders share one goal: scale green home finance to make upgrades accessible for 5 million homes, creating warmer, healthier, and more affordable living across the UK,” said Thomas.

The secretariat of this new partnership will be co-run by DESNZ and GFI with four thematic working groups led by industry leaders to co-develop policy recommendations and co-deliver practical solutions to stimulate scalable product development and drive market growth.

The focus of each of the four groups is as follows: innovations and incentives for group 1, which will be chaired by UK Finance; provide industry insight to help shape the government-backed loan initiatives for group, chaired by GFI; driving demand and standardization consumer journeys for group 3, chaired by Nesta and the Finance & Leasing Association; and focus on enhanced financial consumer protections and standards for group 4, chaired by Energy UK.

McCluskey said: “Our Warm Homes Plan will deliver upgrades and lower energy bills for up to five million homes across the country. To do this we will work with industry to make it easier for everyone to access a wide range of financing options that will make heat pumps and solar panels more affordable.

“Forming this Strategic Partnership with some of the biggest names in finance, research and innovation, and consumer protection will ensure the financing and support is there to upgrade the nation’s homes and drive down bills for good.”

Source link