Fund title: Heat Networks Investment Project (HNIP)
Focus of fund/fund aims:
To kick start the heat networks market by gap funding development and build of district heating in suitable areas of the UK as part of the wider drive towards decarbonisation by 2050.
Department for Business, Energy & Industrial Strategy is launching its £320 million Heat Networks Investment Project, first announced in the Spring Budget 2015, to deliver district heating across the country.
The project will offer grants and capital loans to private or public sectors in England and Wales of up to £10 million and seeks to leverage £1 billion in private investment through gap funding. The project will support the design and construction of heat networks, with the aim of kick starting the market, improving skills and driving down costs while demonstrating to investors that they are a viable proposition. Delivering heat networks contributes towards the goal of decarbonisation of the UK energy system at the lowest cost to the economy by 2050.
Applications are expected to open in the autumn 2018 with the first funding decisions being made in 2019. The scheme overview, and details on how to apply, can be found at here.