The Industrial Energy Transformation Fund (IETF) supports the development and deployment of technologies that enable businesses with high energy use to transition to a low carbon future. The IETF is a crucial part of the government’s strategy for tackling climate change and reaching Net Zero by 2050. By supporting businesses to cut their bills and emissions through increased energy efficiency and decarbonisation, it will complement other government programmes that offer innovation and early demonstration support and will help to transform an important part of the UK economy.
The Industrial Energy Transformation Fund is expected to help UK industry improve energy efficiency. The £315 million Fund will support businesses with high energy use to:
All projects must relate to improvements to an existing industrial process at a manufacturing site or data centre. Following stakeholder feedback, the minimum thresholds for grant applications have been lowered.
Details of the grants are: