grants & funding
New build developer funding
The UK has committed to ‘net-zero’ by 2050 and heat pumps will be the primary technology to achieve this goal, replacing mains gas. Ground source heat pumps are by far the best heating and hot water solution available, but typically require a higher capital outlay to other systems. As a result, Rendesco has committed to support developers in reaching their carbon reduction requirements with access to capital funding solutions specifically for ground source heat pumps.
Our partnership with the utility infrastructure providers, UKPS and Energetics, together with the generous Government incentives available, allows new build developments to gain all of the benefits of ground source heat pumps with minimum upfront capital outlay.
These funding options are available for Fifth Generation Heat Network (also known as Ambient Heat Network) and will provide 100% of heating, hot water and cooling, using best-in-class design and installation by Rendesco.
- Institutional funding from Last Mile Heat Networks (a Rendesco and Last Mile jointly owned company).
- The Green Heat Network Fund which is a £270m Government scheme for low carbon heat networks
Are you a new build developer interested in funding?
Contact us to discuss your project.
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