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The Heat Pump Investment Accelerator Competition (HPIAC), worth up to £30 million in total, aims to bring forward investment in the UK heat pump manufacturing supply chain.

It was open to UK registered businesses (which includes those that may be set up for the purpose of delivering the project in the application), who could apply for grant funding of up to £15 million per project, for major investments in the manufacture of heat pumps and strategically important components.