英國熱泵投資路線圖-14正式版

HeatPumpInvestmentRoadmapLeadingthewaytonetzeroApril2023每日免費(fèi)獲取報告1、每日微信群內(nèi)分享7+最新重磅報告；2、每日分享當(dāng)日華爾街日報、金融時報；3、每周分享經(jīng)濟(jì)學(xué)人4、行研報告均為公開版，權(quán)利歸原作者所有，起點(diǎn)財經(jīng)僅分發(fā)做內(nèi)部學(xué)習(xí)。掃一掃二維碼關(guān)注公號回復(fù)：研究報告加入“起點(diǎn)財經(jīng)”微信群。。TheUKisleadingthechargetowardsanetzero,nature-positivefutureWe'reproviding￡100'sofmillionsinsupportforbusinessesandconsumerstobringmoreheatpumpmanufacturingtotheUK.TheUKwillsoonbeoneofthelargestmarketsinEuropeforheatpumps,boostingourenergysecurityandhelpingusreachnetzero.RtHonGrantShappsMP–SecretaryofStateforDepartmentforEnergySecurityandNetZero

TheUKGovernmentiscommittedtoambitiousactiontodecarbonisethewayhomesandbusinessesareheated.HeatpumpshaveakeyroletoplayindecarbonisingheatingacrosstheUK–irrespectiveoftheroleofhydrogenorotherheatingtechnologies–thatiswhyweaimtoincreasethenumberofheatpumpinstallationsfrom55,000ayearin2021to600,000ayearby2028.Bytheendofthedecade,theUKwillbeoneofthelargestmarketsinEuropeforheatpumps.Toattractinvestment,theUKGovernmentisdeliveringapackageofpolicies,includingtargetedregulation,anewmarket-basedmechanism,andpublicinvestmentthroughprogrammessuchastheBoilerUpgradeScheme.HeatingappliancemanufacturersfromacrosstheglobeareinvestingintheUK,owingtothesupportivepolicyenvironment,taxincentivesandavailabilityofskilledlabour.TofurtherhelpheatpumpmanufacturersexpandtheirbusinessesintheUK,andtoencouragethetransitionfromfossilfuelboilermanufacturingtoheatpumpmanufacturing,wearealsoaimingtocreatenewinvestmentopportunitiesthroughprogrammeslikeourHeatPumpInvestmentAcceleratorCompetition.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 2TheUKhasoneoftheworld’smostattractivebusinessandinvestmentenvironments1st

■Open,liberaleconomy■Stableregulatoryregimewithindependentlegalsystem2ndinEuropeforFDIattractiveness2￡22bncommittedcommittedtotoraiseraiseR&Dto2.4%R&Dto2.4%ofofGDPGDP61stRankedbestglobalgreenfinancecentre3

inEuropeforvalueofstart–up&scale–upecosystem1￡1bnFundingforNetZeroInnovationPortfolio1stinG20asagloballyconnectedeconomy45thLargesteconomy5

Engineeringemploys5.6mnpeople7

■Globallycompetitiveandtransparenttaxregime■GenerousR&Dandpatenttaxrelief■TheUK-EUTradeandCooperationAgreementallowszerotariffmarketaccesswiththeEU■Flexiblelabourmarket■Worldclassprofessionalservicessectorsupportingbusinesseswithinsuranceandfinance■AlreadysignificantexporterofheatpumpsandcomponentpartsReferences:1Dealroom,2EYAttractivenessSurveyJune2022Attractiveness,3Z/YenGlobalGreenFinanceIndex2022(GGFI10),4DHLGlobalConnectednessIndex2021,5Officialstatisticsconvertedatmarketexchangeratesasasource;6UKInnovationStrategy(2021);7Workforcetrends(2022)HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 3HeatpumpsvitaltoNetZeroHeatpumpsareawidelysuitableandcost-effectivesolutionfordecarbonisingtheUK’sbuildingsandarevitaltodeliveringNetZero.

HeatingisresponsibleforoverathirdofUKcarbonemissions.ReducingourcarbonemissionstoNetZeroby2050meanswemustdecarbonisetheheatingofover30millionhomesandbusinessesacrosstheUKinalittleover25years.Inaddition,aroundhalfofournaturalgasdemandisfromheating,sodecarbonisingourheatingisalsoanenergysecuritypriority.Regardlessoftheroleofothertechnologies,weexpectatleastfourmillionheatpumpstobeinstalledbytheendofthedecade.Aheatpumpcanreducecarbonemissionsbyupto70percentcomparedwithagasboiler,andaswedecarbonisethesupplyofelectricitythiswillonlyincrease.EvidenceshowsthatthemajorityofUKhomesandbusinessesaresuitableforaheatpump.Thisincludesanalysiswhichestimatesthat90percentofBritishhomeshavesufficientinsulationandelectricalcapacityforaheatpump.Heatpumpsarecosteffectivewhencomparedtootherlowcarbonheatingtechnologies;investmentbyindustryinmoreefficientheatpumps,meanstheyarenowtypicallymorethanthreetimesasefficientasagasboiler.HundredsofthousandsofheatpumpshavealreadybeeninstalledintheUK.Theyareproventowork,eveninthevariableBritishclimate;deliveringwarmthtosatisfiedcustomersupanddownthecountry,evenatsub-zerotemperatures.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 4UKprojecteddemandforheatpumpsovernextdecadeCumulativeUKDomesticHeatPumpDeployment(millions)1210864202020 2025 2030 2035IllustrativeHeatPumpDeployment(HighElectrificationScenario)–NetZeroStrategy

TheUK’srateofheatpumpinstallationisexpectedtoincreaserapidlyoverthenextdecade.Agrowingmarket:Themarkethasaveragedyear-on-yeargrowthof25percentbetween2016and2021(including50percentin2021),withdevelopingopportunitiesinnewbuildings,aswellasintheretrofitmarket.Supplychainandinfrastructure:InvestmentinheatpumpmanufacturingsupplychainsandenablinginfrastructurewillneedtogrowtosupplyincreasingdemandandprovideUKwiththeenergysecurityitneeds.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 5WhyinvestintheUKheatpumpmarket?Asectorwithambitioustargetsandmajoropportunitiesforgrowth

■Longtermvisionwithanaimtogrowthemarketto600,000heatpumpinstallationseachyearby2028andupto1.9millionayearby2035,underpinnedbyambitiouspolicies.■Regulationstophaseoutfossilfuelheatinginhomesandbusinessesovernextdecade,startingwithnewbuildingsin2025;withmanyhousingdevelopersalreadyswitchingtoheatpumps.■ACleanHeatMarketMechanismtobeintroducedin2024,givingUpto￡28bncumulativeinvestmentneededacrosssupplychainby2028*600KexpectedannualheatpumpdeploymentinUKby2028

￡12bnpublicinvestmentinenergyefficiencyandlowcarbonheatingAtleast300KheatpumpsexpectedtobemadeinUKeachyearby2028

investorsconfidenceinsustainedgrowthoftheUKheatpumpmarket.■Over￡12billioninpublicinvestmentthroughgrantprogrammestoincentivisethepublicandbusinessestodecarbonisebuildings,includingtheBoilerUpgradeScheme,PublicSectorDecarbonisationSchemeandSocialHousingDecarbonisationFund.■Enablingenvironmentwithgovernmentsupporttounlockinvestmentinrenewableelectricitygeneration,electricitygridinfrastructure,andgreenfinancingsolutions.■InnovationfundingavailabletodevelopheatpumpsolutionsfortheUKhousingstock,thataresimpletoinstall,efficientandaffordable.■Grants,financingandexpertsupportavailabletobusinessestohelpthemgrowandinvestintheUKheatpumpsupplychain,whichisalreadyhometosomeoftheworld’sbiggestheatingequipmentmanufacturers,aswellascuttingedgeinnovatorsbringingthelatesttechnologytomarket.■Strong,provenandgrowingexportopportunitywith￡100millionofheatpumpsandcomponentsalreadyexportedbyUKcompanies.*Heatpumpinvestmentfigurescovermanufacturing,installationsandancillariesfordomesticandnon-domesticheatpumps. HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 6SupportivepolicyandregulatoryenvironmentRegulation–IntroducingaFutureHomesStandardfornewbuildin2025.Consultingonendingtheinstallationofnewfossilfuelheatingforhomesandnon-domesticbuildingsoffthegasgrid,startinginthemid2020s.Aimingtophaseouttheinstallationofnewandreplacementnaturalgasboilersby2035atthelatest,andwillfurtherconsidertheNetZeroReview’srecommendationinrelationtothis.World-leadingCleanHeatMarketMechanism–Launchingamarket-basedmechanismforheatpumpsfrom2024.Aclearmarket-widestandardforlow-carbonappliancesasaproportionofsalestoprovideindustrywiththepolicypolicyframeworkconfidencetoinvestinsupplychains,partnershipsandinnovationtoscaletheconsumermarket.PublicInvestment–Providing￡6.6billionfrom2021to2025inpublicfundingtodecarboniseourhomesandbusinesses,suchastheSocialHousingDecarbonisationFund,PublicSectorDecarbonisationSchemeandBoilerUpgradeScheme.Furthercommitmentof￡6billionfrom2025to2028,whichincludesanextensionoftheBoilerUpgradeSchemeuntilatleast2028.HeatPumpInvestmentAcceleratorCompetition–Flagshipinitiativewithupto￡30millionavailabletosupportprivatesectorinvestmentinheatpumpandcomponentmanufacturinginfrastructureacrosstheUK.Freeports[Link]–Providingtaxrelief,customssupport,businessratesretention,planningregeneration,Buildinginnovationandtradeandinvestmentsupportacross12areasoftheUK.infrastructureInvestmentZones[Link]–Creating12high-potentialknowledge-intensivegrowthclustersacrosstheUK,andsupplyincluding4acrossScotland,WalesandNorthernIreland.EachEnglishInvestmentZonewillhaveaccesstochainsinterventionsworth￡80millionover5years,includingenhancedratesofCapitalAllowance,StructuresandBuildingsAllowance,andrelieffromStampDutyLandTax,BusinessRatesandEmployerNationalInsuranceContributions.Alongsidethis,theywillhaveaccesstoflexiblegrantfundingtosupportskills,providespecialistbusinesssupportandimprovelocalinfrastructure,dependentonlocalrequirements.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 7IncentivestoinnovateandinvestBusinessLoans–TheBritishBusinessBankandUKInfrastructureBank(UKIB)canofferloanstode-riskinvestments.UKIBcaninvestinthemanufacturingofheatpumps,butwillalsoinvestininnovativebusinessmodelswhichacceleratetheinstallationofheatpumpsacrosstheUK.FinancingandCapitalAllowance[Link]–Allowsbusinessestodeductsomeorallofthevalueofeligibleplantandmachineryfromprofitsbeforepayingtax.FromApril2023toMarch2026,thisincludesanannualinvestmentde-riskingallowance,wherebusinessescanclaimupto￡1milliononcertainplantandmachinery,aswellasa100%investmentsfirstyearallowance,allowingbusinessestoclaimthefullamountforcertainplantandmachineryintheyearthatitwasbought.UKExportFinanceDevelopmentGuarantee[Link]–Deliveringenhancedsupportforsupplychainsbyfacilitatingthegrowthofexistingandnewexporters.InnovationGrants–UKGovernmentrunsgrantfundingcompetitions[Link]andoffersotherfunding,includingSmartGrants[Link]andSmallBusinessResearchInitiative[Link].Thisincludesinvestingupto￡60millioninheatpumpinnovationthroughthenewHeatPumpReadyprogramme.InnovationR&DTaxRelief–TheUKhasagenerousandinternationallycompetitiveR&Dcreditsystem,includingthesupportR&Dexpenditurecredit[Link],R&Dtaxrelief[Link]andtheR&DAllowance[Link](RDA).PatentBox–ThePatentBox[Link]letcompaniesapplyforreducedrateofcorporationtaxofjust10%onprofitsearnedfrompatentedinventionsandotherintellectualproperty.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 8BuildingthecapacityandcapabilityoftheUKworkforceInvestinginskillsandtraining

DeliveringworldleadingstandardsforheatpumpinstallationsthroughtheindustryledMicrogenerationCertificationSchemeacrosstheUK.￡5millionHeatTrainingGranttosupportlowcarbonheatingtraining,expectedtosupportaround10,000trainingopportunitiesinEngland.StartinginApril2023andcontinuinguntilMarch2025tohelpdeliveraccreditedskillstrainingandsupporttoinstallersacrosstheenergyefficiencyandheatpumpsectors.Inaddition,theUKgovernmenthasalreadycommitted￡15millionsince2020throughtheHomeDecarbonisationSkillsTrainingFund,supportingover16,000trainingopportunitiesinenergyefficiency,retrofitandlowcarbonheatingsectorsacrossEngland.InScotland,￡1.49millionoffundinghasbeenmadeavailablethroughtheNationalTransitionTrainingFund,tosupportover3,350participantstoaccesscoursesforheatpump,energyefficiencyandretrofitconstructionskills.SupportingnewinstallersentertheindustryviathenewLowCarbonHeatingTechnicianApprenticeship[Link],whichoffersadirectrouteintothesmall-scalerenewablesindustry.WithapprenticesalreadybeingablelearntoinstallheatpumpsaspartofthePlumbing&DomesticHeatingTechnician[Link]apprenticeship.InEngland,theDepartmentforEducationisinvestinganadditional￡3.8billioninskillsby2024-25.Thisincludesfundingtosupportgreenskills,includingapprenticeships,TlevelsandSkillsBootcamps.SupportingtheInstitutesofTechnologyacrossEnglandwith￡120millionforinstitutesspecialisingindeliveringhightechnicaleducationanddevelopinggreenskills.ReformingtheskillssystemthroughLocalSkillsImprovementPlansinEnglandandintroducingaLifetimeSkillsGuaranteetohelpworkersgaintheskillstheyneedtotransitiontothegreeneconomy,includingthroughtargetedsupportforretraining.TheGreenJobsDeliveryGrouphasbeenestablishedasthecentralforumthroughwhichgovernmentandindustryareworkingtogethertoacceleratethesupplyofaskilledworkforceforourlowcarbonsectors.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 9ManufacturingsupplychaininvestmentUptomanufacturinginvestmentexpectedinUKby2028.￡1bnTheexpectedrapidgrowthoftheUKheatpumpmarketoffersasignificantopportunitytocompaniescurrentlysupplyingthefossilfuelboilersector,aswellasestablishedheatpumpmanufacturersandnewentrantstothemarket.Investingnowwillhelpthemestablishastrongmarketpresence,diversifytheirbusinessandlocalisetheirmanufacturingproductiontoservegrowinglocalsupplydemandintheUKandforexporttoothermarkets.Investmentopportunities:Heatpumpmanufacturingandassembly.Thermalbatteryandhotwatercylinders.Compressors.Pumpsandvalves.Smartcontrolsystems.Seemoreonhigh-potentialopportunitiesformanufacturinginvestment.

Examplesofprojects:MitsubishiElectricMitsubishihaverecentlyinvestedafurther￡15.3millioninitsLivingstonmanufacturingfacility,withScottishEnterprisesupport,tosignificantlyincreaseitsproductivity,efficiencyandresearchanddevelopment(R&D)capabilities.Detailshere.IdealHeatingIdealHeatinghasmadea￡16millioninvestmenttosupporttheexpansionofproductionandstoragecapacityatitsHullfactory,asitexpandsitsbusinessintolowcarbonheating.Detailshere.OctopusEnergyInvested￡10millionintheUK'sfirstheatpumpR&DandtrainingcentreinSlough,andsubsequentlyinvestedinNorthernIrishheatpumpmanufacturerRenewableEnergyDevices,toexpandcurrentfactoryandscaleheatpumpproductioncapacitytoover12,000heatpumpsayear;bringing100newgreenjobstoNorthernIreland.Detailshere.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 10Our2035deliveryplanTimingsareindicativeandsubjecttochangeSmartmeterrollout HalfhourlypricesettlementforelectricityVATzero-ratedforenergysavingmaterialsLaunchofRequirementthatallnewReviewofdomestic-scalehydronicGovernmentElectricityheatpumpsare‘smart’launchesHeatMarketHeatPumpcomesintoeffectandBuildingsLaunchofArrangementsFutureHomesInvestmentReach600kheatStrategyBoilerAcceleratorStandardandFutureUpgradeCompetitiontoBuildingStandardtopumpinstallationsGovernmentSchemelaunchbeintroducedeachyearreleasestheNetZeroStrategy202120222023202420252028BritishEnergy￡60mHeatPumpReadyInnovationSecurityStrategyHeatTrainingCleanHeatFossilfuelProgrammeannouncedbyGranttoMarketheatinginhomeslaunchedGovernmentwithlaunchMechanismtoandbusinessesgreaterheatbeintroducedoffthegasgridtopumpambitionbephasedoutPublicSectorSocialHousingWarmerHomesDecarbonisationDecarbonisationScotlandsuccessorScheme,PhaseFund,Wave2Schemedueto3launchedlaunchedlaunch

Achieveafullydecarbonisedelectricitysystem,subjecttosecurityofsupply2035AimtophaseoutfossilfuelheatinginhomesandbusinessesongasgridHeatPumpInvestmentRoadmap:Leadingthewaytonetzero 11FurtherwayswehelpyouinvestanddevelopintheUKTheUK'scommitmenttosupportglobalinvestmentisunparalleledTheDepartmentforBusinessandTrade(DBT)DBTsupportsbusinessestoinvest,growandexport,creatingjobsandopportunitiesacrossthecountry.OfficeforInvestment(OFI)OfIisajointDBTandNo.10teamthatprovidesasinglefrontdoortoGovernmentforhigh-valueandhigh-impactinvestors,facilitatingwithaccessandinsightsthroughaconciergeoffer.TheOfIworksacrossdepartmentstodriveincreasedinvestmentinlinewiththeGovernment’sNetZeroagenda.

UKExportFinance(UKEF)TheUK’sexportcreditagency,hasenhanceditssupporttoattractinvestmentintosupplychainsandbuildingexportcapability.UKinfrastructureBank(UKIB)TheUKIBcaninvestacrossthecapitalstructure(seniordebt,mezzanine,firstloss,debtguaranteesandequity)tohelpcrowdprivatefinanceintonetzeroinfrastructure.

SupportmovingatechbusinessTheGlobalEntrepreneurProgramme(GEP)helpshigh-growthoverseascompaniesrelocatetotheUK.EconomicdevelopmentagenciesThereareanumberoforganisationswithsignificantexperienceindeliveringpublicsectorinvestmentpackages.Forexample,ScottishNationalInvestmentBankisamission-leddevelopmentbankthatprovidespatientcapitaltobuildastronger,fairer,moresustainableScotland.

HelpfulguidesGuidanceonexpandingtotheUK,includingvisasandmigration;taxandincentives;regulatoryandbusinessplanning;staffrecruitment,retentionandtraining;andimmigration.LinkstokeyorganisationsInadditiontocentresofexcellenceandindustryclusters,wewillfacilitateintroductionstouniversities,LocalEnterprisePartnerships(LEPS)andEnterpriseZones.FindaUKspecialistTheUKInvestmentSupportDirectoryallowsyoutofindcompanieswithskillsandexperienceinhelpingoverseasbusinessessetuporexpandVisit.uk

intheUK.HeatPumpInvestmentRoadmap:Leadingthewaytonetzero 12Appendix–NotesandDefinitionsInvestmentneedsaredefinedasthetotalsumofcapitalcontributionsrequiredtodeliverthenecessaryprojectstoachievethecurrentdeploymentpathwayassumedintheNetZeroGrowthPlan.Methodologyusedtoestimatetheinvest