Delivering Financial Support for Heat Networks
England and Wales
Heat Networks have been proven around the world as a reliable, cost-effective and low carbon means of heat yet just 2% of buildings are heating this way in the UK. To provide much needed scale to this market, the Government is committed to investing £320m of support to individual projects across England and Wales. This will be delivered through a Heat Networks Investment Project (HNIP) launched by the Department for Business, Energy and Industrial Strategy (BEIS).
BEIS has appointed Triple Point Heat Network Investment Management to the role of Delivery Partner or the project for the next three years. Comprised of a group of professional firms, we will ensure that heat network projects are well-designed, commercially viable and beneficial for consumers.
Triple Point Heat Networks Investment Management is excited to be working alongside BEIS to deliver affordable and dependable low-carbon heat across the country. Using a mix of Government and private sector funding, we will help to build a self-sustaining and transformative heat energy market which offers affordable and reliable heat.
We look forward to supporting projects which are investable, strategic, future-proofed, transparent and in the right place at the right time.
How do I apply?
BEIS and Triple Point Heat Networks Investment Management have jointly published Application Guidance and an Application Form.
The Guidance Document enables applicants to understand the application process from start to finish. The document includes information on how the scheme will operate, the eligibility criteria, how applications are to be made, and how they will be scored and assessed.
The Application Form to be completed by applicants wishing to apply for HNIP funding.
This is a two-stage process made up of a pre-application to determine project eligibility, followed by a full application. During the full application stage projects will be assessed against the HNIP scored criteria as part of a competitive process to establish which best demonstrate value for money and contribution to the aims and objectives of the HNIP scheme. To ensure that only high-quality schemes are awarded HNIP funding, only successful pre-application projects will be eligible to submit a full application.
The HNIP scheme is open for applications.
Applicants are encouraged to submit their pre-application as early as possible and to complete their applications as soon as their project is sufficiently developed
Key dates for funding round 3:
- Friday 20th September 2019: Pre-application deadline for funding round 3
- Friday 18th October 2019: Full application deadline for funding round 3
- November / December 2019: Investment Committee will convene to award funding
Applications received after these dates will be considered in subsequent funding rounds that will continue on a quarterly cycle until the scheme closes. Applications (and pre-applications) can be made at any time so please get in touch if you are thinking about applying.
Experienced Business Development Managers (BDMs) are available to support applicants prior to and during the pre-application stages of the application process. Applicants are actively encouraged to engage with BDMs at the earliest practicable opportunity in order to derive maximum benefit. To discuss an application in more detail and to speak to one of our BDMs, please contact us via our contact form or by email to email@example.com.