Form

Heat Networks Investment Project (HNIP) funding: closed to applications

How to apply for capital funding to set up a heat network.

From:
Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
Published
21 December 2018
Last updated
17 December 2020 鈥� See all updates

This publication was withdrawn on

The Heat Networks Investment Project is now closed and has been succeeded by the Green Heat Network Fund. Visit the Triple Point site to see .

Documents

https://tp-heatnetworks.org/application-form-and-guidance-materials/

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Details

This guidance explains the application process:

  • how the scheme operated
  • the eligibility criteria
  • how to apply
  • how applications would be scored and assessed

All funding rounds are now closed to applications.

Clarification notes

Counterfactual technology

As part of the application assessment process, the social net present value of a project is compared against that of a counterfactual using other technologies. This note explains the technologies and metrics used.

Project timescales

The note on timescales for the assessment of HNIP applications explains the background.

Creditworthiness

The HNIP scheme offered funding to heat network projects in the form of grants and 2 types of loan:

  • corporate loans
  • project loans

The guidance states that these loans will be made available to credit worthy sponsor organisations or project companies. The note defines what creditworthiness means in the context of HNIP for both types of loan and gives a contact point for further information.

Using a Special Purpose Vehicle (SPV)

Special Purpose vehicles are separate legal entities set up by organisations. This note explains how they work and how HNIP interacts with them.

Stage 2 Financial Model

The HNIP Stage 2 Financial Model is required to show that the applicant has considered the financial implications of the project. This note gives an overview and explains what information is required in it.

Contact

To share feedback on the scheme email: [email protected].

Triple Point Heat Networks Investment Management and BEIS continuously reviewed and evaluated the scheme to improve its design and effectiveness.

Updates to this page

Published 21 December 2018
Last updated 17 December 2020 show all updates

  1. Heat Networks Investment Project: Application guidance updated.

  2. Key dates for rounds 5 and 6 added.

  3. Key dates for Round 4 added.

  4. Application guidance: minor updates to process. 2 new clarification notes added - Stage 2 Financial Model and Using special purpose vehicles.

  5. Key dates for Funding Round 3 added.

  6. Funding round 2 dates announced and applicant creditworthiness clarification note added.

  7. HNIP Scheme now open

  8. First published.

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