Projects · Heat & Industrial

City of London (Square Mile and fringes of adjacent boroughs)·At tenderHeat & Industrial

City of London heat network (Square Mile concession)

  • StageIn procurement (tender notice published 16 December 2025; final tenders due 22 June 2026)
  • Value£4.34bn excl VAT estimated
  • Next milestoneAward decision estimated 5 November 2026; development agreement start 26 November 2026
  • Last checked1 November 2026
Source: Find a Tender (City of London Corporation); City of London Corporation →

What has changed on this project, and when

  • Next milestone: Award decision estimated 5 November 2026; development agreement start 26 November 20262 November 2026 · previously: Development partner award decision 5 November 2026; development agreement programmed to start 26 November 2026
  • Stage: In procurement (tender notice published 16 December 2025; final tenders due 22 June 2026)2 November 2026 · previously: In procurement (tender notice December 2025; award decision due 5 November 2026)
  • Next milestone: Development partner award decision 5 November 2026; development agreement programmed to start 26 November 202624 September 2026 · previously: Development partner appointment; concession programmed to run from 1 September 2026
  • Stage: In procurement (tender notice December 2025; award decision due 5 November 2026)24 September 2026 · previously: In procurement
  • Value: £4.34bn excl VAT estimated (Find a Tender 2025/S 000-083343)24 September 2026 · previously: £1.64bn excl VAT estimated (Find a Tender 2025/S 000-054870)

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