2019 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: 2019 (data is from Sept 2018)
Category: Infrastructure - see all reports for this category
Description: The Heat Networks 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): Amber
DCA text: The status of the project remains at Amber. Pre-application deadline for round 1 passed with 37 pre-applications received demonstrating a good pipeline of projects for rounds1 and 2. Pre-applications being assessed for eligibility and'readiness'. Applications for first funding round open until 5th of April 2019. Improvement in application support services are being made. Assessment work and decision making processes for the applications is being finalised. Assessments of the full applications will commence in April 2019 with Investment Committee expected to sit in June 2019. Progressing recent Gateway 4 recommendations.
Start date: 2015-11-25
End date: 2021-03-31
Schedule text: Round One Assessment and Funding Decisions have been delayed by 2 months to the end of June to provide sufficient time to ensure adequate assessment processes and systems will be in place.
Baseline: £10.40m
Forecast: £7.89m
Variance: -24.00%
Variance text: -24% in the Q2 GMPP represented RDEL forecasted underspend. This is now -5% representing payments to our delivery partner of 9.9m. CDEL has changed to accurately reflect funding actuals that were repoted in 2017/18 that actually paid out 2018/19'
Whole Life Cost: £371.80m
WLCost text: Whole life baselined RDEL costs have increased slightly to include 2021 - 2023 Delivery Partner Costs .
Sourcefile: None

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.