2021 Report details for project: Heat Networks Investment Project
| Project name | Heat Networks Investment Project - there are 6 reports for this project: 2017, 2018, 2019, 2020, 2021, 2022 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | BEIS (D1198) - see all reports for this organisation |
| Report year | 2021 (data is from March 2021) |
| Category | Infrastructure - see all reports for this category |
| Description: | HNIP is to help create a self-sustaining heat network market by: 1. Increasing the volume of heat delivered by new or expanded heat network applicant projects through the provision of a proportion of their capital costs in the form of Government loan and grant finance; this will leverage private finance, and other investment funding, into the heat networks. 2. Delivering carbon savings for carbon budgets 4 and 5 (2023-2032). 3. Building market capability to develop optimised heat networks that will meet local needs and support heat networks development. |
| DCA (RAG) | Amber |
| DCA text: | Compared to financial year 19/20-Q2, the Infrastructure Project Authority's Delivery Confidence Assessment rating remained at Amber. This is primarily due to the following factors: HNIP Main Scheme is progressing to schedule with all awarded funding drawdown on time. Key delivery milestones are on track as the project heads into its final year. To date c.80% of the Main Scheme's available budget for years 1 and 2 has been committed. The third-party funding initiative platform launched in December 20. |
| Start date | 2015-11-25 |
| End date | 2022-03-31 |
| Schedule text | Compared to financial year 19/20-Q2, the project's end-date increased from 31 March 2021 to 31 March 2022 This is primarily due to the following factors: HNIP is being delivered in two phases: the pilot scheme, which is complete, and the Main Scheme which is now in the final year of delivery and scheduled to close to applicants in November 21. |
| Baseline | £153.60m |
| Forecast | £98.57m |
| Variance | -36.00% |
| Variance text: | The budget variance exceeds 5%. The year-end capital spend was 75% of the available in-year budget, and the lower than planned spend was primarily due to three awarded projects withdrawing after the final in-year funding round. |
| Whole Life Cost | £375.90m |
| WLCost text: | Compared to financial year 19/20-Q2, the projects Baseline Whole Life Cost remained at £375.90m. This is primarily due to the following factors: Whole life cost is currently below budget baseline. This is due to the slower than planned Main Scheme mobilisation post launch, and the late withdrawal of three projects awarded funding in year 2 of the Scheme. |
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| Notes2: | |
| Sourcefile | IPA_2021.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.