The heat network in Exeter will be developed with a mix of private and public funds. Approximately a third of the investment will be from grant funding through the Government backed Green Heat Network Fund (GHNF), and two-thirds from private investment, through our partners Asper Investment Management.

Asper has supported businesses across Europe to build sustainable infrastructure. It has invested in several heat network businesses like the Bradford Energy Network, and in the development of heat networks in both Sweden and the Netherlands. Asper plans to invest several hundred million pounds into heat network projects in the UK over the next 5-10 years, including more than £70 million into the initial phase of the Exeter Energy Network.