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BREXIT is a significant risk to geothermal project Crewe, England

BREXIT is a significant risk to geothermal project Crewe, England Crewe campus, Cheshire, Manchester Metropolitan University, UK
Alexander Richter 9 Sep 2016

With the British exit from the EU, funding for several projects is at risk, including funding for a geothermal heating project in Crewe, Cheshire East, England.

The British decision to leave the European Union, the so-called Brexit, has some large implications not only for researchers in the UK that see funding for joint projects with European counter parts disappearing, but also for a geothermal project.

We also reported before on the challenges for a project in Cornwall due to Brexit, but it is now reported that another project in Crewe in England might face the same fate.

In an official report, so BBC in a recent article, Cheshire East Council says that to make sure to secure EU funding for the project, the government in the UK needs to speed up their funding. In its bid for EUR3 million (GBP 2.6m/ $3.4m) for EU funding, funding from the UK treasury will have to be made available immediately.

The funds were sought for a low carbon heat growth program in the region, that has planned to utilise deep geothermal energy resources for heating in Crewe in the southwest of Manchester, England. Under this fund-matching program, half of the overall budget of GBP5.2 million would have to come from the government.

The UK Treasury has only guaranteed a backing of EU-funding for UK projects before a certain time this fall.

Source: BBC, Report by Cheshire East Council (pdf)