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.

The IETF Phase 2: Summer 2022 round provides up to £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.

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 Friday 9 September 2022 (15:00 BST).

 

How To Apply

IETF Phase 2

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.

Phase 2: Summer 2022 opened to applications on Monday 30 May 2022 (11:00 BST). The deadline for applications is Friday 9 September 2022 (15:00 BST).

Indicative future dates: Phase 2: Autumn 2022. Expected to open in October 2022 and close in January 2023.

To maximise value for money, it is proposed there will be a competitive bidding process.

More details are available at the GOV UK website.