2021 Report details for project: Green Homes Vouchers Programme

Project name Green Homes Vouchers Programme - there are 2 reports for this project: 2021, 2022
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Organisation BEIS (D1198) - see all reports for this organisation
Report year 2021 (data is from March 2021)
Category Transformation - see all reports for this category
Description: The Green Homes Grant Scheme (vouchers) will provide £356m of funding support to the Energy Performance and Low Carbon Heat industries. The scheme closed to new applications at 31 March, all existing applications and vouchers will still be honoured. Any residual funding will be transferred into other schemes.
DCA (RAG) Red
DCA text: The Infrastructure Project Authority's Delivery Confidence Assessment rating is Red.This is primarily due to the following factors: The programme was set up at pace in order to assist the economy in its recovery, following the COVID pandemic. In moving at such a speed the project had to accept certain risks when initiating and were aware that delivery confidence could be low in the short to medium term. Existing voucher applications received before 31 March will continue to be processed and honoured whilst the scheme is closing. Any residual funding will be transferred into the Green Homes grant Local Authority Delivery and Social Housing Decarbonisation Fund schemes in FY21/22
Start date 2020-09-01
End date 2021-05-31
Schedule text The project end-date is 31 May 2021. This is primarily due to the following factors: Following an announcement in the Prime Ministers 10 Point Plan for Green Industrial Revolution, the Green Homes Grant Scheme was due to be extended from March 2021 to March 2022. A further announcement was made on 27 March detailing the closure of the scheme to new applications. The timescales of the project have been revised to enable the issuance of existing voucher applications that were received before 31 March 2021.
Baseline £125.40m
Forecast £71.63m
Variance -43.00%
Variance text: The budget variance exceeds 5%. The budget for the scheme in FY20/21 was reduced to £75m from £1.5Bn owing to the level of uptake for the scheme, impact from COVID, and the performance of the Grant Administrator in issuing vouchers in a timely manner. The scheme has closed to new applications as of 31 March 2021 with a commitment to honour all vouchers and applications in the system as of that date. The expected outturn for FT20/21 is circa £36m. There is an onward commitment to manage the remaining applications and vouchers in the system within a budget of £320m for FY21/22.
Whole Life Cost £468.66m
WLCost text: The projects Baseline Whole Life Cost is £468.66m. This is primarily due to the following factors: Due to the early closure of the scheme to new applications, the whole life cost of the project has reduced to reflect the reduced scope.
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Sourcefile IPA_2021.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.