Phase 2 of the IETF provides grant funding for feasibility and engineering studies, and for the deployment of industrial energy efficiency and deep decarbonisation projects. Up to £60million total funding for mining/quarrying, materials, manufacturing, and data centre companies.
The IETF will support businesses with high energy use to transition to a low carbon future, and to cut their bills and emissions through increased energy efficiency and decarbonisation. It is a crucial part of the Government’s strategy for tackling climate change and reaching Net Zero by 2050. It complements other government programmes that offer innovation and early demonstration support, such as the Industrial Energy Efficiency Accelerator and Industrial Fuel Switching (part of the Net Zero Innovation Portfolio) and will help to transform an important part of the UK economy.
The Phase 2 competition for England, Wales and Northern Ireland opens on the 31st January 2022 and runs until 29th April 2022 and is worth up to £60 million in funding. It will be available in the form of a grant scheme and will fund:
Your business must operate an existing site which falls into one of the following SIC codes:
Please check the SIC code you were allocated at the time of registering at Companies House. If the parent company SIC Code does not reflect the activity carried out at your site, for example where a data centre is owned by a telecoms company, you may still be eligible.
The funding will be awarded as grants towards the total costs of successful proposals. The minimum and maximum grant available for each category is below: this can cover 25% to 70% of costs depending on project type and business size.