Government stumps up £1m geothermal fund

Fund set to aid geothermal development…
The Department for Energy and Climate Change (DECC) aim to invigorate the UK’s geothermal industry with a £1 million pound grant package from the Low Carbon Investment Fund.

Projects with the potential to contribute to the UK geothermal sector are eligible to bid for funding from the scheme and will be required to submit robust business plans, geological information and strong financial planning.

There are no limits to the size of bids which can be submitted other than the overall size of the fund; so potentially bids of up to £1 million would be considered.

The DECC see this scheme as a way to promote geothermal energy and ground source heat pumps as a viable and practical domestic and commercial low carbon heating solution. For more information go to the DECC website.

At James Hargreaves Renewables we supply a range of competitively priced ground source heat pumps which grant you the freedom to benefit from low carbon heating. Contact us and speak to one of our Renewable Energy consultants.

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