At the launch of a project to provide support for growing businesses in renewable energy and related low carbon markets, the Deputy Prime Minister congratulated their efforts towards establishing a new green economy and insisted that the current Government would support, “moving away from carbon-blind economic activity to business with a new carbon conscience.”

RenewableUK, a UK renewable energy trade association, welcomes the plans.

Indre Vaizgelaite, RenewableUK Small Systems Manager explains: “As an industry we look forward to next phase of the Green Deal which is expected to focus on the microgeneration sector. The UK small wind sector currently has more than 14,000 small systems installed but the Green Deal will be a great catalyst for further growth which in conjunction with more energy-efficient homes, will be vital in driving down our carbon emissions.”

Included in the Green Deal is a scheme whereby up to 14 million homes could benefit from the proposed Green Deal Finance. This project will allow householders to make their homes more energy efficient through insulation.

Payments will be collected through energy bills and the most energy inefficient homes could save, on average, around £550 a year.

The Government will begin legislating for these proposals in the Autumn and they are expected to take effect in 2012.