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The government has announced it is giving a \u00a327m loan to help fund a low-carbon underground heating system in Hull.<\/span><\/p>\n The National Wealth Fund announced the financing for Hull City Council\u2019s district heat project, which will provide low-carbon, reliable heat to buildings across the city centre. <\/span><\/p>\n Phase one of Hull District Heat Network (HDHN), a cheaper alternative to other decarbonised heat solutions such as individual Air Source Heat Pumps, will service council properties, educational establishments, development sites and residential properties. <\/span><\/p>\n It will also provide a return for the council over the lifetime of the project, by providing affordable, clean energy to buildings, which will allow money to be allocated to other services. It represents a major step forward in Hull\u2019s ambitions to become carbon-neutral by 2030 and net zero by 2045. <\/span><\/p>\n HDHN is the second local authority heat network to be backed by the NWF and directly supports Government ambitions to decarbonise the UK\u2019s building stock <\/span>\u2013 currently the second largest contributor to carbon emissions after transport. <\/span><\/p>\n It is funded through a <\/span>\u00a315m grant from the Green Heat Network Fund, via Triple Point, \u00a31.5m of Levelling Up Partnership funding and a \u00a327m loan from the NWF which will be repaid through the operation of the network, representing a major investment into Hull\u2019s future. <\/span><\/p>\n It will generate heat using heat pumps from an energy centre in Hull city centre for which planning permission has been secured and construction work will soon begin.<\/span><\/p>\n A series of underground pipes will supply the clean, renewable heat which will improve air quality, provide opportunities for new green energy jobs and create an environmentally friendly city.<\/span><\/p>\n Chancellor Rachel Reeves said: “<\/span>We are investing in Britain\u2019s renewal, and this National Wealth Fund loan will heat buildings across Hull with clean energy, open up new jobs in green energy, and strengthen the city\u2019s energy security. This is just one of billions of pounds worth of investments being announced today at our Regional Investment Summit, reversing decades of underinvestment and decline, slashing red tape to open up opportunities for businesses and kickstarting economic growth in every corner of the UK.”<\/span><\/p>\n Cllr Charles Quinn, the council\u2019s portfolio holder for environment, said: “<\/span>Hull District Heat Network is an ambitious project which reaffirms the council\u2019s commitment to become carbon neutral by 2030 and net zero by 2045. It will provide sustainability for city centre council buildings in the long-term, as well as scope for expansion on demand in the future. Delivery will create employment and investment opportunities in Hull, really boosting the local economy.”<\/span><\/p>\n Construction, operation and maintenance of HDHN will be completed by Vital Energi.<\/span><\/p>\n \n <\/p>\n","protected":false},"excerpt":{"rendered":" The project will provide low-carbon, reliable heat to buildings across the city centre<\/p>\n","protected":false},"author":26,"featured_media":2145375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"coauthors":[160],"class_list":["post-2145370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-east-yorkshire","tag-featured-story"],"yoast_head":"\n