£70 million funding window opens to help industrial sites decarbonise
Manufacturers and other industrial businesses can apply for a new round of funding to help them transition to a low carbon economy.
The Summer 2022 window of the Industrial Energy Transformation Fund (IETF) 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 broad range of industrial sectors and will support applicants based in England, Wales, and Northern Ireland, both within and outside of industrial clusters.
The IETF was first announced in Budget 2018 as a £315 million fund, to be delivered in two phases. Phase 2 launched in 2021, and expands the IETF scope to additionally support the deployment of decarbonisation technologies. It will provide around £220 million in funding between Autumn 2021 and 2025. The current round (Summer 2022) is the third application window of Phase 2 and provides up to £70 million of funding.
The IETF is open to businesses of any size registered and operating in England, Wales or Northern Ireland. Some IETF funding rules may differ for businesses based in Northern Ireland. The business must operate an existing site which falls into one of the eligible SIC codes, which can be found in the government guidance. Eligible industrial processes include mining and quarrying.
Sites based in Scotland can apply for the Scottish Industrial Energy Transformation Fund (SIETF) (contact IETF@gov.scot for more information).
The Phase 2 Summer 2022 competition opened for applications on 30th May 2022 and closes on 9th September 2022. All projects must start no later than 1st February 2024 and finish no later than 31st March 2025.
For more information, read the latest government guidance.