London, UK – The Insulation Manufacturers Association (IMA) has cautiously welcomed the UK government's £2bn ($2.5bn) boost to domestic housing insulation announced on Wednesday 8 July. However, it warns it is a first step, and many questions remain.
IMA welcomes UK coronavirus stimulus package; wants clarity
'Let's welcome it, let's give credit where it's due; we're in difficult times. The government recognises the importance of energy performance and improvement. But this is the start of the journey,' said IMA chairman Simon Storer.
The announcement was made by Rishi Sunak, the Chancellor of the Exchequer (the minister in charge of finance), among a number of other financial boosts to try to restart the UK economy after the coronavirus lockdown.
Storer, whose association was one of nine pushing for such a boost, warned the timeframe is very tight. 'My concern is that Rishi Sunak has allocated £2bn with a further £1bn for non-housing. This is to be allocated in the space of a year,' he said.
He said that this could lead to quality problems with installation. 'There will be a rush to get this done in the last six months, and that's where you begin to get quality issues,' he added.
Storer said it was not clear how the programme was going to be administered, how funding would be allocated to projects, the criteria for people to access funds to improve their homes, or the standard required for the installation.