Overview

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; and
• reduce emissions by bringing down the costs and risks associated with investing in deep decarbonisation technologies.

Funding is allocated through a competitive process aimed at supporting the highest quality and most transformational bids. 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.

Scope

Funding will be allocated across three competition strands:

• Studies: feasibility and engineering studies to enable businesses 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

Businesses are invited to bid into any one or more strands, provided their proposal or proposals is/are in scope of the competition’s objectives and meets/meet the eligibility criteria for each strand. Proposals must aim to improve the performance, emissions, and environmental outcomes of the industrial process beyond standards currently required by relevant UK and international law.

Businesses should only apply if the project or study could not go ahead without government support. You must include a  justification for the costs claimed in your application. It is your responsibility to demonstrate that your stated eligible costs are necessary in order to achieve the objectives of the competition strand you apply for. If your project passes assessment, but BEIS determine that you have requested more funding than needed, you may be offered a lower grant amount.