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Industrial Energy Transformation Fund (IETF) Phase 3: Spring 2024

General & Misc
Project Size:
Up to £185 million

Eligible Applicants:

· Businesses operating in specific sectors like mining, manufacturing, material recovery and recycling, data centres, industrial laundries, and controlled environment horticulture.

· Excludes activities related to gas/petroleum extraction, coal and lignite mining, domestic-focused laundries, and low-tech horticulture.

Funding Thresholds:

· Energy Efficiency Deployment Projects:

· Minimum: £75,000 for SMEs, £100,000 for large companies.

· Maximum: £14 million.

· Deep Decarbonisation Deployment Projects:

· Minimum: £75,000 for SMEs, £100,000 for large companies.

· Maximum: £30 million.

· Engineering Studies: £50,000 - £14 million (total eligible cost).

· Feasibility Studies: £30,000 - £7 million (total eligible cost).

Application Process:

· Read the guidance document for competition details.

· Submit a registration form (available from 29 January 2024).

· Complete and submit further application forms via SmartSurvey by 3 PM on 19 April 2024.

Additional Notes:

· Applications for grants of £5 million or above must include a feasibility or engineering study.

· A simplified application process for SMEs.

· The Phase 3 programme has expanded sector scope, including new sectors and excluding coal mining.

· Applications are only accepted via SmartSurvey and not beyond the deadline.

Grant Opportunity for Energy Efficiency and Decarbonisation Projects

Key Details:

· Competition Opens: Monday, 29 January

· Competition Closes Friday, 19 April 2024

· Eligibility: Businesses of any size with an eligible site in England, Wales, or Northern Ireland. Specific rules apply for businesses in Northern Ireland. Scottish businesses with eligible sites in these regions can also apply.

Overview: The Department for Energy Security and Net Zero, in collaboration with Innovate UK, is offering a total budget of £185 million under IETF Phase 3 for 2024. This grant funding is dedicated to:

· Feasibility and engineering studies.

· Deployment of technologies for industrial energy efficiency.

· Implementation of deep decarbonisation projects.

Funding Details:

· Budget Allocation: £185 million overall, divided over two competition windows in 2024.

· Project Types: Studies (feasibility and engineering) and deployment projects in energy efficiency and decarbonisation.

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