Apply for Heat Networks Investment Project (HNIP) funding
How to apply for capital funding to set up a heat network.
Documents
Details
This guidance explains the application process:
- how the scheme will operate
- the eligibility criteria
- how to apply
- how applications will be scored and assessed
Key dates for round 5
| Date | Event / Deadline |
|---|---|
| Wednesday 4 March 2020 | Pre-application deadline for funding round 5 |
| Friday 3 April 2020 | Full application deadline for funding round 5 |
| May 2020 | Investment Committee will convene to award funding |
Key dates for round 6
| Date | Event / Deadline |
|---|---|
| Wednesday 3 June 2020 | Pre-application deadline for funding round 6 |
| Friday 3 July 2020 | Full application deadline for funding round 6 |
| August 2020 | Investment Committee will convene to award funding |
The first, second and third funding rounds are now closed to applications.
Clarification notes for applicants
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
Applicants should note the timescales for the assessment of HNIP applications. This note explains the background.
Creditworthiness
The HNIP scheme offers 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
If you want to share comments or feedback on the design of the scheme or improvements: [email protected].
Triple Point Heat Networks Investment Management and BEIS will continuously review and evaluate the scheme so we can improve its design and effectiveness.
Sign up for updates on the scheme and other announcements: Triple Point Heat Networks Investment Management - Contact page.
Next steps
Eligible applications will be batched for assessment.
Updates to this page
Published 21 December 2018Last updated 17 December 2020 + show all updates
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Heat Networks Investment Project: Application guidance updated.
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Key dates for rounds 5 and 6 added.
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Key dates for Round 4 added.
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Application guidance: minor updates to process. 2 new clarification notes added - Stage 2 Financial Model and Using special purpose vehicles.
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Key dates for Funding Round 3 added.
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Funding round 2 dates announced and applicant creditworthiness clarification note added.
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HNIP Scheme now open
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First published.