In a press release on 23 July 2015, the Department of Energy & Climate Change announced there will be no further funding to the Green Deal Finance Company.

They said that this was "a move to protect taxpayers" "in light of low take-up and concerns about industry standards".

Amber Rudd, the Energy and Climate Change Secretary, also announced that the Government will stop any future funding releases of the Green Deal Home Improvement Fund. 

This decision has no impact on existing Green Deal Finance Plans or existing Green Deal Home Improvement Fund applications and vouchers. Further details for people who have current Green Deal loans and plans can be found on the DECC blog.

Current Government policies including the Energy Company Obligation (ECO) scheme will continue to provide support this year to low-income and vulnerable households, reflecting the fact that ECO delivered 97% of home improvements in the last two years.

DECC will work in partnership with the Department for Communities and Local Government to improve the UK’s existing housing stock. The longer-term future of the Energy Company Obligation scheme will be part of these discussions around a new, better-integrated policy.

The announcement comes as part of Government’s wider review of energy policies. Amber Rudd says that her first priority is to get spending under control. One might have thought that her first priority at the Department of Energy & Climate Change would be to secure sustainable energy and tackle climate change.