Aug 05, 2022
Green Heat Network Fund
Heat networks are fundamental if the UK is to meet its ambitious target of becoming Net-Zero by 2050. Don’t miss out on the £288 million funding available to organisations turning to renewable energy sources.
If the UK is to meet its Net-Zero carbon targets, the Committee on Climate Change has estimated that 18% of the UK heat will need to come from heat networks by 2050.
The Green Heat Network Fund (GHNF) is a £288million capital grant scheme aiming to support this goal by helping to fund public, private and third sector low carbon district heat networks in England.
Following on from the success of the Heat Network Investment Project (HNIP), the GHNF was launched in March this year and will run for three years with 11 quarterly funding rounds. The next round of submissions closes on August 26th, with more details on future rounds available at GHNF. (link to https://www.gov.uk/government/publications/green-heat-network-fund-ghnf)
There are strict guidelines to adhere to, and the application requires metrics to be met around targets such as carbon, minimum demand and efficiency.
Talking about the grant, Laura Bishop, Infinitas Managing Director, said it was an excellent opportunity for companies looking to decarbonise ahead of the Government’s 2050 target.
“Decarbonisation is a legal requirement, so looking at renewable energy sources is a must for organisations if they are to meet UK goals. It is important that companies are aware of the restrictions and metrics that must be met, but the Green Heat Network Fund is a fantastic opportunity to acquire grant funds to support the design and construction of renewable heat pump networks.”
Laura Bishop, Managing Director at Infinitas
Heat networks are a proven, cost-effective way of providing reliable, efficient, low-carbon heat.
Administered by Triple Point Heat Network Investment Management, funds are available for public, private and third sector organisations (non-profit groups including charities, voluntary and community groups).
Individual ground source heat pumps are eligible for funding under the GHNF as long as they are paid for and installed by the heat network developer. If the heat pumps are installed by the building-side developer or the resident, they will not be eligible for GHNF
It is not available for individuals and sole traders. More information and details on applying are available at https://www.gov.uk/government/publications/green-heat-network-fund-ghnf
If you are looking for advice on how to apply for the grant, we will be releasing our free downloadable how-to guide soon, explaining everything you need to know.