Combinations of grants and loans will be open to eligible projects from Spring
The Department for Business, Energy and Industrial Strategy (BEIS) has announced that its flagship heating scheme, the Heat Networks Investment Project (HNIP), is now open for applications.
HNIP is a key element in the strategy for decarbonising heat, with £320m of capital funding available for investing in heat network projects across England and Wales. This investment is offered as ‘gap funding’ through a combination of grants and loans, which will be offered to eligible projects from Spring 2019. The scheme will be open for applications for a period of up to three years.
The scheme’s manager Triple Point Heat Networks Investment Management has set up a two-stage application process: a pre-application stage, to ensure projects applying for funding meet the HNIP eligibility criteria, and then a full application. Only successful pre-application projects will be eligible to submit a full application. Projects will be assessed for value for money and contribution to the aims and objectives of the HNIP scheme. The application form and guidance to the scheme can be viewed here.
Triple Point says it has assembled a team of engineers, finance professionals, legal experts and heat networks specialists to support scheme applicants. Further information and contact details are available at its website.
A BEIS spokesperson said: “The UK has led in the decarbonisation of electricity and we are equally committed to tackling heat. The HNIP has created a route to market for innovative energy projects across the country and demonstrates a key objective of the Clean Growth Strategy to deliver technologies that lower bills, cut carbon and improve the quality of life for communities across the country.”
- 6th March 2019: Pre-application deadline for the first funding round
- 5th April 2019: Full application deadline for the first funding round
- Spring 2019: Investment Committee will convene to award funding