It's been announced this week that the first round of a £320m low-carbon heating programme will be released in order to support urban heating projects within the UK. £39m will be made available to public sector bodies and local authorities developing heat networks that offer a lower carbon energy source alternative to traditional gas boilers.
Local bodies have until the end of November 2016 to apply for funding from the Heat Network Investment Project towards solutions including ground source heat pumps for use within homes and businesses.
With the remainder of the £320m set to be distributed over the next five years, the government hopes the investment will leverage up to £2bn of additional capital investment, in the process creating hundreds of heat networks across the country to supply more than 400,000 homes.
Reacting to the news, Ice Energy Technologies' Founder and Managing Director Andrew Sheldon said: "This funding provides an excellent opportunity for local authorities to improve heating standards within their housing stock.
"By utilising the renewable and energy efficiency benefits of ground source heat pumps, local authorities can actively tackle fuel poverty amongst their residents, while also improving their health and well-being with warmer, more comfortably heated properties.
"HNIP funding provides a dual benefit by enabling projects targeting fuel poverty to take place while also reducing the UK's dependence on fossil fuels and as such, is something Ice Energy wholeheartedly supports."