Applications for £320m HNIP funding invited

The Department of Business, Energy & Industrial Strategy (BEIS) funded scheme will invest capital funding in heat network projects, offering a substantial opportunity to assist the UK in achieving a clean and cost-effective transition towards a low carbon economy.

A Department of Business, Energy & Industrial Strategy (BEIS) spokesperson said: “The UK has led in the decarbonisation of electricity, and we are equally committed to tackling heat. The Heat Networks Investment Project 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.”

The application guidance document, which details the application process from start to finish, the scheme operation and the eligibility and assessment criteria, can be found here – alongside the application form. The two-stage process involves a pre-application to ensure that projects applying for funding meet the HNIP eligibility criteria and is followed by a full application to the scheme. Only successful pre-application projects will be eligible to submit a full application – this is to ensure that only high-quality schemes are awarded HNIP funding (which is offered as ‘gap funding’ through a combination of grants and loans).

Applications opened on 5th February 2019 and any pre-applications for the first funding round need to be submitted by 6th March, with the full application deadline for this first funding round being 5th April.

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