Government 'could run out of cash' for Boiler Upgrade Scheme four years early

An air source heat pump next to a piggy bank with money going into it
The government's Boiler Upgrade Scheme could potentially run out of money early according to an advisory body causing increased concerns over the ability for the UK to meet heat pump demand (Image credit: Getty Images)

Government grants for replacing gas boilers with heat pumps may run out three years earlier than expected, according to an advisory body. 

The Boiler Upgrade Scheme could see its £450 million worth of vouchers depleted by 2024 if uptake continues at its current rate, according to analysts at the Energy and Climate Intelligence Unit (ECIU). The research suggests that current uptake rates would hit 150,000 heat pump installations by 2024 — but £450 million of vouchers would fund only 90,000 of those.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.