Funding is available to help businesses in England, Wales and Northern Ireland with high energy use reduce their carbon outputs.
The Industrial Energy Transformation Fund (IETF) supports industrial sites with high energy use to transition to a low carbon future. The fund targets existing industrial processes, helping industry to:
- Cut energy bills by investing in more efficient technologies.
- Reduce emissions by bringing down the costs and risks associated with investing in deep decarbonisation technologies.
IETF Phase 2: Autumn 2022 provides approximately £70 million of grant funding for the following project types:
- Studies - feasibility and engineering studies to enable companies to investigate identified energy efficiency and decarbonisation projects prior to making an investment decision.
- Energy efficiency - deployment of technologies to reduce industrial energy consumption.
- Deep decarbonisation - deployment of technologies to achieve industrial emissions savings.
For energy efficiency deployment projects, grants of between £100,000 and £14 million are available. Deep decarbonisation deployment projects will attract grants of between £100,000 and £30 million. Engineering studies will qualify for grants of between £50,000 and £14 million. Feasibility studies will be funded with grants of between £30,000 and £7 million.
The fund is open to a range of industrial sectors and will support applicants based in England, Wales, and Northern Ireland, both within and outside of industrial clusters.
The deadline for applications to be submitted is 13 January 2023. This is the last currently planned application window.
How To Apply
IETF Phase 2:
The Phase 2: Autumn 2022 is now open to applications. This competition closes on 13 January 2023. This is the last currently planned application window.
Phase 2 expands the scope to additionally support the deployment of decarbonisation technologies, and provides around £220 million in funding between Autumn 2021 and 2025.
To maximise value for money, it is proposed there will be a competitive bidding process.
More details are available on the UK Government website.