Heat Pump Investment Accelerator Competition - Round 2

The Heat Pump Investment Accelerator Competition offers up to £30 million per project to build or expand heat pump manufacturing in England. The total programme is worth £90 million across all projects. You can use the money to build new factories or upgrade existing buildings for heat pump production. This includes manufacturing heat pumps themselves or their components like thermal storage systems. The deadline for Round 2 is 5 August 2026. This is a major investment opportunity for manufacturers looking to enter or expand in the heat pump market.

This grant is for manufacturing businesses that want to make heat pumps or heat pump components in England. You could be building a completely new factory or upgrading an existing building for heat pump production. It is designed for significant manufacturing investments, not small-scale operations.

The Heat Pump Investment Accelerator Competition (HPIAC), worth up to £90 million in total, aims to bring forward investment in the UK heat pump manufacturing supply chain. It is open to proposals to manufacture heat pumps and/or heat pump components (including thermal storage that can be paired with a heat pump) to support the construction of new factories or the expansion, re-tooling, re-working or re-purposing of existing buildings.