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About The Green Deal



The Green Deal scheme

The Green Deal is a UK Government scheme launched in 2013 set up to reduce the greenhouse gases emitted by the UK’s residential housing stock, which currently accounts for 25% of the UK’s carbon emissions and 12% of the UK’s greenhouse gas emissions. As part of national efforts to meet the UK’s legally binding target to reduce carbon emissions by 35% by 2020, the Green Deal scheme was implemented and run by the Green Deal Finance Company Ltd (See below). 

The Green Deal scheme is a highly attractive offer because it allows consumers to meet the upfront costs of installing a new boiler/carrying out necessary changes by providing a fixed interest rate over the lifetime of the finance plan. The key feature of the finance scheme is that customers are estimated to never pay more than their existing energy bills even after taking on the loan, because of the energy savings generated. Known as ‘The Golden Rule’ the key principle is that the charge attached to the bill should not exceed the expected savings, and the length of the payment period should not exceed the expected lifetime of the measures. In addition, the repayment of the loan is taken from the customer’s energy bill and so managed more easily. 

Green Deal loan repayments are attached to the property, not the individual, and this will continue to be the case as Green Deal loans are recommenced later this year. 

In terms of immediate priorities, Greenstone Finance will focus on improving access to and awareness of the Green Deal by investing significantly into the website, customer services and training of Green Deal providers.


About Green Deal Finance Company Ltd

The Green Deal Finance Company Ltd was a not-for-profit company aimed to support the Green Deal by buying the loans from Green Deal providers, who agreed loans to the consumers. This allowed Green Deal providers to sell more energy efficient products, whilst not having to finance the loans that they originated. The Green Deal Finance Company Ltd was part financed by DECC who loaned £48.5m in total (£25m stakeholder loan plus a £34m senior loan, of which £23.5m was drawn down). In July 2015 the Government said that it would provide no further funding to the Green Deal Finance Company Ltd and as such, the Green Deal Finance Company and Green Deal was suspended. The Green Deal Finance Company Ltd currently has a loan book of with a principal value in excess of £40m. Under the new ownership Greenstone Finance have assembled a new management team to run the business and operations for the Green Deal Finance Company. 

The acquisition by Greenstone Finance and Aurium pertains to the business, operations and assets belonging to the Green Deal Finance Company Ltd.

Read the full press release on the acquisition  by Greenstone Finance and Aurium Capital Markets (Aurium) of the Green Deal Finance Company (“GDFC”).

GDFC Services Ltd and GDFC Assets Ltd are authorised and regulated by the Financial Conduct Authority.