Industrial Energy Transformation Fund Phase 1 launched
IETF Phase 1 grant funding will make £30 million available for feasibility and engineering studies and for industrial energy efficiency deployment projects
The Department for Business, Energy and Industrial Strategy (BEIS), in collaboration with Innovate UK, has launched Phase 1 of the Industrial Energy Transformation Fund (IETF).
The fund will support businesses with high energy use to transition to a low carbon future, and to cut their bills and emissions through increased energy efficiency.
Up to £30 million Phase 1 funding for England, Wales and Northern Ireland is available in the form of a grant scheme for:
- deployment of mature energy efficiency technologies that improve industrial process energy efficiency and reduce energy demand
- feasibility and engineering studies for projects deploying mature energy efficiency technologies or deep decarbonisation technologies
The IETF Phase 1 competition opened on 20 July 2020 and will run until 28 October 2020, subject to the COVID-19 situation.
First published 30 June 2020