Industrial Energy Transformational Fund – Phase 2!
Industrial Energy Transformation Fund (IETF) launches new £60 million competition window to support businesses on the path to Net Zero
The Department for Business, Energy and Industrial Strategy (BEIS) has launched a further competition window for applications to the Industrial Energy Transformation Fund (IETF).
Businesses in England, Wales and Northern Ireland can now bid for a share of up to £60 million in grant funding through the IETF Phase 2: Spring 2022 competition window. To view the applicant guidance and make an application for funding, please visit our competition page.
The competition window will run until Friday 29 April 2022.
The competition will provide grant funding towards the costs of:
• Studies – feasibility and engineering studies to investigate identified energy efficiency and decarbonisation projects prior to making an investment decision.
• Energy Efficiency projects – deployment of technologies to reduce industrial energy consumption.
• Deep Decarbonisation projects – deployment of technologies to achieve industrial emissions savings.
The IETF is a crucial part of the Government’s strategy for tackling climate change and reaching Net Zero by 2050. It complements other government programmes that offer innovation and early demonstration support through the Net Zero Innovation Programme. Details on wider funding opportunities can be found here. We have also published details of past IETF competition winners from Phase 1.
The competition is open to the following sectors, organisations and professionals including:
• Manufacturing
• Data centres
• Mining and quarrying
• Recovery and recycling of construction materials.