Social Enterprises: Energy
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of recent changes to energy costs on the level of profit reinvestment by social enterprises into local communities.
Answered by Chris McDonald
We are closely monitoring the impact of energy prices on businesses, communities, and social enterprises caused by the instability in the middle east, and much will depend on the length of the ongoing crisis. We are increasing the Boiler Upgrade Scheme (BUS) grant for properties heated by oil and LPG, taking the total grant to £9,000. This will help SMEs and social enterprises in England and Wales most impacted by rising energy prices to electrify their heating and provide greater certainty over energy bills.
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