Kingspan calls for more spending on 'greening' existing buildings

A green 'new deal' which would see the refurbishment of existing non-domestic buildings could see the creation or safeguarding of 50,000 jobs, as well saving hundreds of millions of pounds a year, according to a report commissioned by Kingspan Insulated Panels.

The report, based on research conducted by Caleb Management Services, claims that a 7% increased spend on refurbishment could save jobs, boost the economy, and achieve annual savings of £700m.

It recommends:

• An upgrade of all existing non-domestic buildings to a minimum level C Engery Performance Certificate rating in a phased programme over 2010-22;
• Funding through up-front government-supported loans, paid back through savings - resulting in no net cost to the taxpayer;
• Investment from business and government of £1.18bn per year to improve fabric insulation of non-domestic buildings.

The report will be launched today at a Parliamentary reception hosted by Kingspan's local MP David Hanson, with Energy & Climate Change Secretary Ed Miliband addressing the event.

Kingspan Insulated Panels managing director Louis Eperjesi said: "Kingspan has been a strong advocate of tackling businesses' emissions and energy bills through refurbishment, and we hope the government follows this lead in promoting measures which would help secure a 'triple-benefit' of more jobs, fewer carbon emissions and lower energy bills for hard-pressed businesses."