Industrial Energy Transformation Fund

September 27, 2021

Industrial Energy Transformation Fund (IETF) launches £60 million Phase 2 funding opportunity


The Department for Business, Energy and Industrial Strategy (BEIS) has today launched Phase 2 of the Industrial Energy Transformation Fund (IETF). Phase 2 is worth around £220 million in funding between Autumn 2021 and 2025, and now includes deep decarbonisation deployment projects.

Businesses in England, Wales and Northern Ireland can now bid for a share of up to £60 million in grant funding through the IETF Phase 2: Autumn 2021 competition window. The applicant guidance has been published. The competition will open for applications on Monday 27 September and will run until Monday 6 December 2021.

The competition will provide grant funding towards the costs of:

  • Studies - feasibility and engineering studies to investigate identified energy efficiency and decarbonisation projects prior to an investment decision.
  • Energy Efficiency projects - deployment of technologies to reduce industrial energy consumption.
  • Deep Decarbonisation projects - deployment of technologies to achieve industrial emissions savings. This strand of the competition is new.

Our IETF Phase 2 policy statement explains the design choices.

Case studies of Phase 1 competition winners can be found here.  

To find out more about the £60 million IETF Phase 2: Autumn 2021 competition, view the applicant guidance and make an application for funding, please visit our competition page.

If you have any questions about the Phase 2 competition or would like to discuss a potential application, please contact IETF@beis.gov.uk.  Please note: BEIS will be running this competition. Rules for the pre-existing strands are unchanged but the application forms are different

IETF Phase 2: Autumn 2021 stakeholder even

We invite you to join our online IETF Phase 2: Autumn 2021 webinar on Wednesday 6 October. It will be an opportunity to:

  • Hear about the scope of the competitions
  • Hear from industrial site owners who were funded in Phase 1
  • Learn about eligibility criteria
  • Learn how to make an application for funding
  • Network online and develop partnerships for the competitions

Speak with BEIS online for one-to-one discussions about the competitions.

The webinar will benefit organisations and professionals including:

  • Manufacturing companies
  • Data centres
  • Energy efficiency and decarbonisation innovators and professionals interested in collaborating on a project
  • Mining and quarrying companies

Recovery and recycling of materials companies.

To register for the webinar, please visit the registration site.

The event will be recorded and will be available to stakeholders to view at any time via a playback system

To help potential applicants to find suitable partners, we have launched the IETF networking platform. To register and book meetings, please visit https://left-phase2.meeting-mojo.com/. BEIS officials will also offer one-to-one confidential discussions via the networking platform on the day of the briefing event.

BEIS will offer fortnightly stakeholder clinics throughout the window. Further details will be shared in due course. Applicants can also view videos from past winners and suppliers of eligible technologies on our Virtual Technology Marketplace. To register for the Technology Marketplace, please visit the registration site.

Details on other funding opportunities can be found here

We would like to hear from you!

If you work in manufacturing or construction, we would really appreciate it if you could take part in our short online survey. The survey asks about your firm’s energy usage and approach to energy efficiency; the barriers you face in trying to improve energy efficiency; and the ways that BEIS could further support you. The survey only takes 20 minutes and will ensure that your sector is well represented in future policy-making: www.iffresearch.com/BEISsurvey  

For information on BEIS’s privacy policy, please visit the department’s personal information charter page on Gov.uk.

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