The UK Government plans to offer a series of grants and loans to both the public and private sectors
The UK Government has launched the Heat Networks Investment Project (HNIP), which will invest £320 million in heat networks across the country.
It has appointed Triple Point Heat Networks Investment Management to deliver the scheme – the firm will be responsible for allocating and deploying capital, which it expects to leverage around £1 billion of private finance.
The money will be used to provide a series of grants and loans to both the public and private sectors, helping increase the market share of the technology, which experts suggest is likely to play a key role in the solving the challenge of decarbonising heat.
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