News article

Shape the future of the Industrial Energy Efficiency Fund

7 August 2019


Does your business have a decarbonisation idea that could benefit from government support?

The Department for Business, Energy & Industrial Strategy (BEIS) is seeking information from businesses about potential energy-saving and carbon-saving projects that they would like to implement.

The Industrial Energy Efficiency Fund (IETF) was announced in the Autumn Budget 2018 and it has a UK-wide budget of £315m over five years to 2024. 

It will support businesses with high energy use to transition to a low carbon future. It will help companies cut their energy bills and carbon emissions through investing in energy efficiency and low-carbon technologies. 

As well as supporting technologies that are ready for deployment, some technologies to reduce emissions may need support at an early stage. The fund may support capacity-building and feasibility studies as well as capital investment. 

The IETF team from BEIS is looking to find out more about the energy efficiency or industrial decarbonisation projects that businesses have thought about implementing but were unable to do so for commercial reasons.

Information gathered about these projects will inform the design of the fund, and also help to develop a potential pipeline of projects that might apply to the fund for support. 

Find more information about the IETF fund and how you can get involved.

You can contact the IETF team about your potential decarbonisation projects by email at ietf@beis.gov.uk.