Businesses in energy-intensive sectors, including pharmaceuticals, steel, paper and food and drink, will be able to apply for grants worth up to £14 million through the government’s Industrial Energy Transformation Fund – totalling £289 million in funding up until 2024.
In this second competition window, the minimum grant has been lowered to £100,000 for deployment projects, offering more flexibility for small businesses to receive funding so they can speed up getting their ideas to market.
The grants will enable businesses to use new technology to improve the efficiency of industrial processes and reduce energy demand, and aim to drive them towards a cleaner, more sustainable future as part of the green industrial revolution by 2030 and mission to eliminate the country’s contribution to climate change by 2050.
This includes factories installing electric motors and heat pumps to replace their natural gas-fired boilers and steam turbines, manufacturers using heat recovery technology to recycle waste heat and generate renewable electricity, and industries such as the food and drink sector carrying out studies to replace natural gas with hydrogen as their primary fuel.
The government’s Industrial Energy Transformation Fund is worth £289 million with funding available across England, Wales, and Northern Ireland up until 2024. The fund supports heavy industry as the UK transitions to a low-carbon economy.
The Industrial Energy Transformation Fund (IETF) window opens for applications on Monday 8 March and closes on Wednesday 14 July 2021.
Find out more.