2018 Report details for project: Heat Networks Investment Project

Project name: Heat Networks Investment Project - there are 3 reports for this project: 2017, 2018, 2019
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Organisation: BEIS (D1198) - see all reports for this organisation
Report year: 2018 (data is from Sept 2017)
Category: Infrastructure - see all reports for this category
Description: The Heat Network Investment Project (HNIP) is helping create a self-sustaining heat network market through £320 million capital investment and short term actions to address market barriers.
DCA (RAG): Exempt FOI
DCA text: HNIP has undertaken detailed project planning to ensure teams are fully resourced and key risks are identified. Mitigating actions have been developed and implemented to ensure that the project is de-risked sufficiently for the successful launch of the main scheme. Specialist advice has been sought for technical project areas. Lessons learned and process evaluation from the Pilot Scheme have fed into Main Scheme design in order to increase delivery confidence.
Start date: 2015-11-25
End date: 2021-03-31
Schedule text: HNIP main scheme schedule is on track to revised launched dates, with key milestones baselined as part of the Outline Business Case approval process.
Baseline: £33.67m
Forecast: £21.60m
Variance: -36.00%
Variance text: Budget is underspent due to main scheme set up being moved back as part of re-planning. This has caused delivery costs to move into latter years.
Whole Life Cost: £365.98m
WLCost text: As part of the 2015 Spending Review agreement, £320m of capital funding was allocated to BEIS to support investment in heat network projects. The funding comprises £170m of fiscal spend and £150m non-fiscal. The profile of capital spending is currently under consideration as part of Treasury Approval Point for the OBC. Costs are calculated in nominal terms.
Notes1: Exempt under Section 43 of the Freedom of Information Act 2000 (Commercial Interests)
Notes2:
Sourcefile: IPA_2018.csv

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