The Government has launched a consultation on a major new project to support investment in heat networks.
- The consultation document can be found here: Heat Networks Investment Project Consultation Document
- The DECC news story can be found here: DECC News Story on Heat Networks Investment
The Heat Networks Investment Project is making available up to £320m of capital support to drive an increase in the number of heat networks being built.
Heat networks deliver heat to multiple properties from a single central heat source, a more efficient heating system which can deliver cost effective carbon savings and reduce consumer heating costs. This investment project will run for five years and will help create the conditions necessary for a self-sustaining heat network market to develop.
DECC are seeking views from current and potential heat network sponsors, investors, supply chain, and any other stakeholders on how best to use the capital support funding to overcome barriers to investment in heat networks and increase heat network deployment rates. They are also inviting views on the organisations and types of schemes that should be eligible for investment support, what form this funding should take, and the criteria that should be used to assess applications for funding.
Consultation responses are requested by 3 August 2016.
As part of the consultation, they are running two all day stakeholder events in London and Newcastle where we will be seeking stakeholder views on the scope and design of HNIP, as well as providing the opportunity to hear about the project development guidance under development by the Heat Networks Delivery Unit.
- 22 July - London and South East HNIP workshop event - Department for Business Conference Centre, 1 Victoria Street, London (www.1victoriastreet.co.uk)
- 27 July - North East HNIP workshop - Centre for Life, Times Square, Newcastle upon Tyne (www.life.org.uk)