BEIS launch £320m HNIP heat network fund

[ALEO Admin]

The Department for Business, Energy and Industrial Strategy launched its new Heat Networks Investment Project (HNIP) on 17 October 2016, with the initial pilot scheme, worth up to £39 million, open to local authorities and public sector bodies.

HNIP has been launched following a government consultation which closed in August 2016, and will upgrade heating in towns and cities to supply low carbon and recycled heat to households. heat networks, dubbed ‘central heating for cities’, have the potential to reduce heating costs, in some cases by more than 30% and will mean cities can recycle the wasted heat they produce from places like factories, power stations and even the London Underground and pump it into homes and businesses to keep them warm.

The total value of the fund over five years is £320m and in future years this will be opened up to a wider set of applicants.

The application deadline for the pilot scheme funding is 28 November 2016.

For more information visit:
https://www.gov.uk/government/news/new- ... ergy-bills and
https://hnip.salixfinance.co.uk/