The government’s Green Deal has managed to wrangle 22 companies into signing up to be providers. A mix of large, small to medium-sized businesses and start-ups have all signed on the Memorandum of Understanding’s (MoU) dotted line pledging to help the Coalition kick-start the Deal, reports Business Green.

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A watershed moment

As a result, Climate Change Minister Greg Barker has hailed the signing as a “watershed moment” for both the deal and the UK’s overall energy efficiency charge.

As part of the Green Deal, homeowners and businesses can access loans in order to install loft and cavity wall insulation, lagging and other energy efficiency measures – such as internal wall cladding, for example.

Barker commented, cited by Greenwise Business:

“The signing of this agreement between Government and business pioneers represents a watershed moment in the development of the Green Deal.”

“The commitment shown today highlights the opportunity organisations see in the Green Deal from community groups, SMEs to big businesses which only bodes well for the scheme’s future success. We will be working with these organisations to ensure they can fulfill the potential they have demonstrated today and become the first to offer Green Deals,” he added.

The Green Deal is set to launch on October 1 and will see billions of pounds lent every year.