The district heat network being developed in Exeter will be funded partly through the Green Heat Network Fund (GHNF), a source of grant funding from the Department for Business, Energy and Industrial Strategy (BEIS), and partly through private investment from 1Energy.  Roughly 1/3rd of the investment will be from grant funding, and 2/3rds from private investment, through our partners Asper Investment Management.

Asper are a specialist sustainable infrastructure investor that has supported businesses across Europe to build new sustainable infrastructure. They have supported several district heating businesses like the Bradford Energy Network, and the development of district heating networks in both Sweden and The Netherlands, making it one of the largest private-sector investors into district heating in Europe. Asper has plans to invest several hundred million pounds into heat networks in the UK over the next 5-10 years, including more than £70 million into the initial phase of the Exeter Energy Network.