Regulation 4 Heat Networks (Market Framework) (Great Britain) Regulations 2025 amended

for the definition of “micro-business” substitute—

• ““micro-business” means a business that—

  1. (a)

     consumes less than 247,000 kilowatt hours of heat per year; or

  2. (b)

     has fewer than 10 full-time equivalent employees and—

     1. (i)

        an annual turnover of £2 million or less; or

     2. (ii)

        a balance sheet total of £2 million or less;”;

for the definition of “small business” substitute—

• ““small business” means a business other than a micro-business that—

  1. (a)

     consumes less than 420,000 kilowatt hours of heat per year; or

  2. (b)

     has fewer than 50 full-time equivalent employees and—

     1. (i)

        an annual turnover of £6.5 million or less; or

     2. (ii)

        a balance sheet total of £5 million or less.”.