Posted on: 28 March 2022
Heat and Buildings Strategy
Late last year, the UK government published its new Heat and Buildings Strategy which outlines policies to reduce the cost of low carbon technologies such as heat pumps. This aims to provide an incentive to consumers to opt for low carbon technologies. Furthermore, it has the potential to create 240,000 new jobs and significantly reduce our dependency on fossil fuels by 2035.
What is the Boiler Upgrade Scheme?
The Boiler Upgrade Scheme (BUS) is being launched in April 2022 with a funding of £450m which is planned to last 3 years. Grants for £5,000 will be available for Air Source Heat Pumps and Biomass boilers. As an alternative to this, £6,000 grants will also be available for Ground Source Heat Pumps.
This scheme enables consumers to receive a free boiler upgrade whilst also having a positive impact on boiler installers. So, BUS is primarily an installer led scheme.
How to apply for it?
To apply for this scheme, the chosen boiler installer will have made an application by the end of January 2022. The application would have then been submitted to Ofgem which has been selected as the intended administrator by the Department for Business, Energy & Industrial Strategy (BEIS).
The process for the application includes two stages which are quite straightforward. The first stage requires an installer to submit evidence which supports that they meet the eligibility criteria for the scheme. After Ofgem verifies that the installer meets the eligibility criteria, they can proceed to complete the installation but the installer will still need to apply for the second stage which enables them to redeem the grant.
Additionally, installers should make sure that they are registered with the Microgeneration Certification Scheme (MCS), in order to be eligible for the BUS.
How does it affect you?
This scheme benefits both installers as well as the end consumer. It promises to create more job opportunities for the professionals involved in installing the boilers due to the increase in demand.
As for consumers, you do not need to replace your current boiler right now, but you will eventually have to switch to a low-carbon option from 2035 onwards. However, if you choose to install a heat pump with the current scheme, you benefit from the current £5,000 grant while benefiting from low prices in the long run due to future industry innovation.
GSHPA and Premierline partnership
Amongst the many benefits of being a Ground Source Heat Pump Association (GSHPA) member is the partnership with Premierline, designed to help you with your business insurance needs.
Stephen Bielby, Operations Manager at GSHPA, commented that “This is an exciting time to be working within the heat pump sector. We have seen a significant growth in membership, especially over the last twelve months and the GSHPA welcomes enquiries from anyone involved with or interested in heat pumps. Our continued partnerships with a variety of companies including Premierline Business Insurance Broker, provide further exceptional benefits exclusively for our GSHPA members. We encourage all those working within the heat pump industry to join us.”
As a member benefit of GSHPA, Premierline will provide a no-obligation review of your business insurance requirements, so you can have peace of mind that your business is fully protected should the worst happen.
If your business insurance policy is due for renewal and you would like support with your insurance package, get in touch with us through one of the contact methods below:
Premierline is a business insurance broker, who work with some of the UK's most well-known insurance companies to provide you with competitive business insurance quotes. Their insurance experts can assess your business’ needs and find a range of quotes suited to you. If you’d like to find out more information about the partnership with GSHPA or if you’d like to review your business insurance requirements, get in touch to speak to one of our insurance advisors today.
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Business Guidance17 November 2020
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