I acknowledge the Deputy's support for the action plan. It is a significant target at 50,000 per year whereas the current rate is 34,000 per year, approximately. As the Deputy says, rightly, retrofitting takes place currently at a lower level. These are shallower retrofittings. To be fair, the deep retrofitting scheme was a pilot and was never intended to constitute the final approach. As I indicated in my reply, we will have to design a different model to hit the proposed targets. The current model envisages people coming forward on an individual or small-group basis to commit to an investment of €30,000 in return for a 50% grant. We must look at bundling larger areas, better contracts, better tendering for blocks of work and more effective delivery.
I agree with the Deputy that the action plan represents a major opportunity to develop new skills and a new sector. I envisage that the retrofitting sector will be worth at least a €1 billion to €1.5 billion. While that is approximately 5% of the construction sector overall, it will nonetheless be important and we will have to develop new apprenticeships and skills within it. Part of the development of the new delivery model will be about ensuring the supply chain is capable of achieving the targets. As the Minister of State, Deputy Canney, said, we will be looking to the education and training boards to support the delivery of that supply chain with new traineeships and apprenticeships. We will also see new companies getting involved in this to support the supply chain.