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Saving For a Space Ship

Uk Green Deal Cashback Scheme Shut - £70M Gone In 3 Days

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http://www.theguardian.com/environment/2014/jul/25/green-deal-cashback-scheme-is-shut-after-surge-of-applications

Just talked to a salesman of this scheme, he was worried about his job.

He said many builders / installers had spent many £££, counting on it continuing, but it was suddenly shut, leaving them up the creek.

Green deal cashback scheme is shut after surge of applications.

Final £70m of money for energy efficiency measures under green deal home improvement fund is taken up in just three days ......A government cashback scheme offering £7,600 to people improving the energy efficiency of their homes has been slammed shut overnight after a last-minute surge of applications threatened to blow the budget.

The green deal home improvement fund (GDHIF) was intended to give a boost the government's flagship energy efficiency programme, which is widely seen as a failure, having attracted few takers and caused loft andcavity wall insulations to crash.

However, the new, simpler and more generous cashback scheme launched in June was popular and on Tuesday the Department of Energy and Climate changed said it would cut the maximum payout from Friday, after £50m of the £120m budget had been taken.

The warning apparently sparked a rush to apply and the final £70m was grabbed in just three days, leading Decc to halt the scheme with immediate effect at 6.30pm on Thursday evening.

The final £70m was taken by about 9,500 applicants, showing they were all applying for close to the maximum amount, which is given to those installing insulation to solid walls. The popularity of the scheme was boosted by including a refund of the green deal assessment fee, usually around £100........

Edit: from the comments

As a matter of interest, how did the 9,500 independently know how to apply successfully just days before the scheme was closed because they'd all suddenly used it?
How did "Department of Energy and Climate changed said it would cut the maximum payout" become the "B" of 'Bang"? This sort of hair-trigger social causality isn't usual.
Insider trading network?
Edited by Saving For a Space Ship

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Couiple of things there:

1) Fraud ?

2) Why does the government need to subsidise energy efficency? If they didn't block the construction of property then the energy efficency of homes would be more in keeping with eth rest of Europe. It's throowing more cash on the Ponzi bonfire. In Ireland if a building is old and inefficent it's reclaimed by nature and a new house is build next to it -why not?

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It is believed that solid wall insulation companies have been submitting claims based on EPCs which can be downloaded off the web and then trying to sign the householder up afterwards.

Edited by Silent Dancer

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I'm amazed the government couldn't find a better use for £120m than paying to upgrade the private assets of people who are already rich enough to own buildings. We must be close to living in a Star Trek-style post scarcity economy if that was really the next biggest problem that needed sorting out.

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Why the #### are people still willing to pay tax. Im sick of the take and waste.

First rule of government spending: why post once when you can post three times for thrice the price?

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Couiple of things there:

1) Fraud ?

2) Why does the government need to subsidise energy efficency? If they didn't block the construction of property then the energy efficency of homes would be more in keeping with eth rest of Europe. It's throowing more cash on the Ponzi bonfire. In Ireland if a building is old and inefficent it's reclaimed by nature and a new house is build next to it -why not?

This ^

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Like fish round a sewage outlet pipe in the sea, virtually all economic activity of note swarms around wherever the government has currently decided to hose out money.

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Like fish round a sewage outlet pipe in the sea, virtually all economic activity of note swarms around wherever the government has currently decided to hose out money.

Currently the sewer pipe is a green one as all manner of "environmentally friendly" fish are swarming around various sewer pipe schemes in aid of saving the planet.

From the people who gave you the Green Deal, DECC, there is the Renewable Heat Incentive. The scheme is to promote "green" heating systems.

In the commercial version of the RHI biomass boilers are proving popular. You can install a wood pellet boiler and for every ton you burn you earn £100. Even better if you are a farmer you can burn straw, if you have a wood you can burn the trees or if you've a factory and have process waste you can burn that.

As the RHI pays out on the basis of heat generated there is an incentive to keep the boiler going even when the heat is needed. So chicken farmers are using biomass to heat chicken sheds when the sheds are empty they carry on heating them. I'm aware of a commercial landlord who has worked out that it is more profitably to fit biomass boilers to his properties and leave the heating on with them vacant rather than get tenants in.

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Currently the sewer pipe is a green one as all manner of "environmentally friendly" fish are swarming around various sewer pipe schemes in aid of saving the planet.

From the people who gave you the Green Deal, DECC, there is the Renewable Heat Incentive. The scheme is to promote "green" heating systems.

In the commercial version of the RHI biomass boilers are proving popular. You can install a wood pellet boiler and for every ton you burn you earn £100. Even better if you are a farmer you can burn straw, if you have a wood you can burn the trees or if you've a factory and have process waste you can burn that.

As the RHI pays out on the basis of heat generated there is an incentive to keep the boiler going even when the heat is needed. So chicken farmers are using biomass to heat chicken sheds when the sheds are empty they carry on heating them. I'm aware of a commercial landlord who has worked out that it is more profitably to fit biomass boilers to his properties and leave the heating on with them vacant rather than get tenants in.

I met a house owner who spent £3k on a wood pellet boiler. They said thy were paid £63 a week from this or a similar fund to use it.

More madness it appears , but could the funding just stop overnight again , after home owners have borrowed many £K's to buy (or installing co's have stocked up on ) a boiler ?

.........

Labour demands inquiry over Green Deal fund closure

http://www.solarpowerportal.co.uk/news/labour_demands_inquiry_over_green_deal_fund_closure_4523

Edited by Saving For a Space Ship

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I met a house owner who spent £3k on a wood pellet boiler. They said thy were paid £63 a week from this or a similar fund to use it.

More madness it appears , but could the funding just stop overnight again , after home owners have borrowed many £K's to buy (or installing co's have stocked up on ) a boiler ?

.........

Labour demands inquiry over Green Deal fund closure

http://www.solarpowerportal.co.uk/news/labour_demands_inquiry_over_green_deal_fund_closure_4523

If they've spent only £3K on it they'll need the £63 a week to help pay for the repairs.

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They should have continued to subsidise the materials like they did a few years ago when you could pick up rolls of insulation for a fiver from B&Q. That would have meant you could have DIYed or got a local guy into help.

I don't get why it has to be some complicated scheme.

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Here's some examples of green subsidy junkie companies going bust or are they?

Millions owed by Green Deal firm

A struggling Green Deal installer owes creditors £3.4m, insolvency documents show.

The company, one of the largest installers of energy-saving measures in the country, owes HMRC £327,641 income tax and £223,171 corporation tax.

The firm, of Maple Close, Tankersley, Barnsley, expanded rapidly after being approved as an installer and assessor for the Government-backed Green Deal energy-saving scheme.

But in documents issued by Seneca Insolvency Practitioners, NWS directors Russell Cowan and Alix Fellows say the company hit problems due to early closure, unexpected delays and sudden reductions in eight Government subsidy schemes.

Now they have applied for a Company Voluntary Arrangement which they say will lead to creditors being paid 11p in the pound. The alternative - liquidation - will see them receive nothing, they say.

The firm has also launched a judicial review against the Government over some ‘withheld’ payments.

http://www.thestar.co.uk/news/business/business-news/millions-owed-by-green-deal-firm-1-6899256

However, all is not as it seems as there is another similar business A Shade Greener trading from the same address.

And can you remember Nev from BBC3's call centre series?

The Call Centre firm Save Britain Money goes into administration but it's 'business as usual' at Nev Wilshire's company

Save Britain Money Ltd, the company run by madcap boss Nev Wilshire, star of the hit BBC Three fly-on-the-wall documentary The Call Centre, has gone into administration.

But Jon Curtis, a spokesman for the firm, said today it was “business as usual” at the firm’s Swansea Enterprise Park headquarters where hundreds are employed.He said: “Save Britain Money Ltd is a holding company for our energy and other firms which are all limited businesses acting on their own and are not affected by this.

“Essentially, the holding company acted as a guarantor for a lease at a property in Cardiff and after a court dispute administrators were brought in but no jobs are affected at our active trading companies.”

http://www.walesonline.co.uk/news/wales-news/call-centre-firm-save-britain-7909686

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Here's some examples of green subsidy junkie companies going bust or are they?

However, all is not as it seems as there is another similar business A Shade Greener trading from the same address.

And can you remember Nev from BBC3's call centre series?

Hmmm...

so in summary they were £3.4 million in debt, sued the Gov for "withheld payments" (no amount mentioned) .

Then Directors said they would chip in £250k to all creditors (11p in £) or

"The alternative, according to the directors, was no pay out and liquidation"

After that offer , if i was a creditor, I'd have taken my chances with liquidation

Apparently Creditors went for it ..

http://webcache.googleusercontent.com/search?q=cache:pG_Q9o92YDoJ:www6.lexisnexis.com/publisher/EndUser%3FAction%3DUserDisplayFullDocument%26orgId%3D652%26topicId%3D13515%26docId%3Dl:2251758408%26Em%3D7%26start%3D5+&cd=3&hl=en&ct=clnk&gl=uk

November 27, 2014
NWS OF BARNSLEY: Averts Liquidation Following GBP3.4MM Debt Deal

The Star reports that NWS of Barnsley has avoided liquidation after renegotiating its GBP3.4 million debt. NWS of Barnsley faces an uncertain future after creditors agreed to a Company Voluntary Arrangement -- but it does not face immediate closure with the loss of all jobs, The Star discloses.

At a meeting this week, creditors agreed to a deal to pay them 11p for every GBP1 they are owed, The Star relates. The alternative, according to the directors, was no pay out and liquidation, The Star notes. According to The Star, in insolvency documents, directors Alix Fellows and Russell Cowan and founder Stewart Davies say they are willing to commit GBP250,000 to be shared among creditors. The directors' aim is to "preserve the accreditations, certifications and infrastructure and good relations to enable the company to trade again in future", The Star states.

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So does this mean less spam calls about solar panels? HURRAY!

Although I don't think we've had any since before Christmas - we were getting a couple of them a week.

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They should have continued to subsidise the materials like they did a few years ago when you could pick up rolls of insulation for a fiver from B&Q. That would have meant you could have DIYed or got a local guy into help.

I don't get why it has to be some complicated scheme.

That's because you don't understand the beauty of bureaucracy, complicated schemes mean more paperwork which means more jobs.....

However I did mine when it was incredible cheap to buy from B&Q and did it myself.

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First rule of government spending: why post once when you can post three times for thrice the price?

First rule of UK Gov spending - why post three times when you can post once and charge thrice the price.

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