2nd December, 2013

B&Q is a Green Deal provider - which offers households loans for energy-saving measures - but the store has done “a handful” of such jobs

The boss of DIY chain B&Q has blasted the Government’s flagship green energy scheme.

Ian Cheshire, head of owner Kingfisher, said the Green Deal was too “complex and costly” and revealed that his company is pressing ministers to reform it.

Green Deal offers households loans for energy-saving measures. B&Q is a Green Deal provider but Cheshire said it had done just “a handful” of jobs.

He also revealed power firms had halted orders due to doubts about the energy company obligation, under which they must fund domestic energy-saving measures.

B&Q has contracts with energy firms such as SSE to install boilers and insulation.

Its sales grew just 0.4% in the 13 weeks to the start of November as households delayed DIY jobs. Trade at its Screwfix chain rose 21%, thanks to a pick-up in construction.

Kingfisher shares fell today after UK profits and business at its French arm fell short of expectations.

Source: Mirror 

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