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Industrial Energy Transformation Fund (IETF) Phase 1: Spring 2021 briefing webinar

The Department for Business, Energy and Industrial Strategy (BEIS), in collaboration with Innovate UK, has today launched the next opportunity to bid for funding from the Industrial Energy Transformation Fund (IETF).

BEIS recently announced its intention to hold another Phase 1 competition window this spring due to the large amount of interest it has received.

Thirty-nine applications from the first Phase 1 competition window, totalling £31 million, have been approved for funding subject to final due diligence checks. Details of successful awards will be published in due course.

Businesses in England, Wales and Northern Ireland will now have a further opportunity to bid for up to £40 million in grant funding through the IETF Phase 1: Spring 2021 competition window. The applicant guidance has been published today. The competition will open for applications on Monday 8 March and will run until Wednesday 14 July.

The competition will provide grant funding towards the costs of:

Deployment of mature energy efficiency technologies that improve industrial process energy efficiency and reduce energy demand.
Feasibility and engineering studies for projects deploying mature energy efficiency technologies or deep decarbonisation technologies.

All projects must relate to improvements to an existing industrial process at a manufacturing site or data centre. Following stakeholder feedback, BEIS have lowered the minimum thresholds for grant applications such that:

the minimum grant companies can receive for energy efficiency deployment projects will be £100,000.
the total eligible costs for engineering studies must be at least £50,000.
the total eligible costs for feasibility studies must be at least £30,000.

For more information on IETF Phase 1: Spring 2021 and to view the applicant guidance, please visit the competition page.

IETF Phase 1: Spring 2021 stakeholder event

BEIS invites you to join their online IETF Phase 1: Spring 2021 briefing webinar on Wednesday 11 March.

The briefing event will include an opportunity to:

Hear about the scope of the competitions in more detail
Network online and develop partnerships for the competition via breakout sessions
Speak with BEIS and Innovate UK online for one-to-one discussions about the competition. These direct discussions can be booked via a booking system available to delegates during the event.

BEIS intend to hold a further briefing webinar after the application window opens. Further details will be sent out in due course.

Benefits of joining the webinar:

The webinar will benefit a number of organisations and professionals including:

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

To register for the webinar, visit the registration site.

For more information about the IETF, please visit the funding page on Gov.uk.

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