Monday 27 September 2021

UK opens £60m fund for industrial energy efficiency and decarbonisation

A £60 million grant fund for feasibility and engineering studies and the deployment of industrial energy efficiency and decarbonisation projects has been launched.

It is being offered under the second phase of the Industrial Energy Transformation Fund (IETF), which aims to support industrial sites with high energy use to transition to a low carbon future.

Funding will be allocated across three competition strands: studies to enable companies to investigate energy efficiency and decarbonisation projects prior to making an investment decision, deployment of energy efficient technologies to reduce industrial energy consumption and deployment of technologies to achieve industrial emissions savings.

Companies are being invited to bid under any one or more strands, with proposals aiming to improve the performance, emissions and environmental outcomes of the industrial process beyond standards currently required by UK and international law.

They must only apply if the project or study could not go ahead without government support.

The funding is being made available to help UK businesses become greener as part of the government’s commitment to reach net zero emissions by 2050.

The competition is open for applications at 11am today and will close on 6th December 2021.