Industrial Energy Transformation Fund Phase 2: Spring 2022 Window Now Open
Funding is available to help businesses in England, Wales and Northern Ireland with high energy use reduce their carbon outputs.
Businesses operating in some of the most polluting and energy-intensive industries can now bid for a share of government investment to help cut their carbon emissions and the costs of their energy bills.
Grants are available to support green projects that help businesses across England, Wales and Northern Ireland clean up their industrial processes, improve their energy efficiency and reduce their carbon emissions – benefiting industries including pharmaceuticals, steel, paper, and food and drink.
Phase 2 (spring 2022) is now open to applications with a total budget of £60 million, offering grant funding for the following project types:
- Studies – feasibility and engineering studies to enable companies to investigate identified energy efficiency and decarbonisation projects prior to making an investment decision.
- Energy efficiency – deployment of technologies to reduce industrial energy consumption.
- Deep decarbonisation – deployment of technologies to achieve industrial emissions savings.
Grant thresholds for project types are as follows:
- Energy efficiency deployment – projects can receive between £100,000 and £14 million in grant funding.
- Deep decarbonisation deployment – projects can receive between £100,000 and £30 million in grant funding.
- Studies: Feasibility – projects can receive between £30,000 and £7 million in grant funding. Engineering – projects can receive between £50,000 and £14 million in grant funding.
Eligible companies may invest in a range of actions including installing more efficient boilers, electric motors and heat pumps to replace their natural gas-fired boilers and steam turbines, as well as developing technologies for industrial carbon capture, fuel switching and recycling waste heat into renewable electricity.
Businesses with high energy use, such as energy intensive industries, will qualify for support. To lead an application, the organisation must be a registered company in England, Wales or Northern Ireland.
The Phase 2 Spring 2022 competition window is now open. The deadline for applications is Friday 29 April 2022 (15:00 GMT).
(This report was the subject of a GRANTfinder Newsflash.)