Expert comment on the announcement of a new Green Heat Network Fund in yesterday’s Budget Statement
The Chancellor of the Exchequer, Rishi Sunaq, yesterday outlined a number of funding commitments for low carbon heat in his Budget Statement. An element of that is a £270 investment in a new Green Heat Network Fund to run from 2022 to 2025, to follow on from the Heat Network Investment Project. It is designed to ensure that heat networks adopt the most cost-effective low carbon heat sources.  
Anthony Coates-Smith, managing director of Insite Energy, a London-based heat network metering and billing payment specialist, which manages approximately 250 UK heat network schemes, says:
“The announcement of a new Green Heat Network Fund is a positive reinforcement of the role that well designed and operated heat networks can play in achieving the UK’s ‘net zero’ 2050 challenge.