Green Heat Network Fund launched to include geothermal

Specific provision has now been made for drilling of geothermal wells in the Government’s recently launched Green Heat Network Fund (GHNF). This now gives us a clearer line of sight to development as we firm up a number of rapidly emerging opportunities.

The GHNF Transition Scheme is a three year £288 million capital grant fund supporting the commercialisation and construction of new low and zero carbon heat networks including the drilling of deep geothermal wells and associated works.