Lux Nova are a key member of the team managing delivery of what is currently the Government’s biggest single energy programme. We are appointed as gatekeeper to £320m of Government funds and given the role of encouraging and assessing applications for, and awarding and managing, grants and for low rate, long-term loans for heat network projects, from public and private sector applicants.
The objective of the HNIP programme is to help stimulate a sustainable market for investment into low carbon heat networks, leveraging in up to £1billion of private funds. The consortium is being led by our new client, Triple Point Investment Management (TP). Together with Amberside Infrastructure, they lead on inward investment and fund management. We (Lux Nova) add to the consortium our extensive legal and commercial knowledge of heat network projects. We’re working alongside other sector experts, AECOM (heat network design and costing) and BDO (heat business financial models), as well as Ecuity (stakeholder engagement) and Gemserve (Government energy programme operation).
Our role involves legal input into applicant guidance, application assessment, funding agreements, management of finance CPs and grant/loan management, developing standardised industry documentation and third party investor due diligence. Key in BEIS’ choice was our offer of promoting best practice and new / more effective approaches to project development.
For more information, click here.
See also our press release here.