Phase 2 Autumn of the Industrial Energy Transformation Fund (IETF) was launched on Wednesday 22 September (deadline for funding applications is 6 December 2021).
Funding will be allocated across three strands:
- Studies: feasibility (£7mn max per project) and engineering (£14mn max per project) 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 (£14mn max per project)
- Deep decarbonisation: deployment of technologies to achieve industrial emissions savings (£30mn max per project)
Further details, including guidance and a draft funding agreement, can be found on the gov.uk website here.