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Industrial Energy Transformation Fund

The Industrial Energy Transformation Fund (IETF) supports the development and deployment of technologies that enable businesses with high energy use to transition to a low carbon future.

The Industrial Energy Transformation Fund (IETF) is designed to help businesses with high energy use to cut their energy bills and carbon emissions through investing in energy efficiency and low carbon technologies. The government announced £315 million of funding in the 2018 Budget, available up until 2025.

BEIS manages the IETF for England, Wales and Northern Ireland, with £289 million to invest over consecutive application windows split into 2 phases.

For more information about the IETF and the application process contact ietf@beis.gov.uk.

If your site is based in Scotland, you can apply for the Scottish Industrial Energy Transformation Fund (SIETF), or contact them at IETF@gov.scot.

IETF Phase 2

Phase 2 expands the IETF scope to additionally support the deployment of decarbonisation technologies. It will provide around £220 million in funding between Autumn 2021 and 2025.

We are holding 2 further Phase 2 competition rounds in 2022. The Phase 2: Summer 2022 competition closes on 9 September.

We are assessing the Phase 2: Autumn 2021 and Spring 2022 applications.

We will continue to review the Fund design and delivery to take feedback into account and ensure the success of the programme. The guidance may change so please visit the relevant page for the current competition.

The policy statement outlines the Phase 2 structure and design.

IETF Phase 1

Phase 1 supported the deployment of energy efficiency projects as well as energy efficiency and decarbonisation studies.

The Phase 1: Summer 2020 competition ran from July to October 2020. The full list of Phase 1: Summer 2020 competition winners is available on the winners page.

The Phase 1: Spring 2021 competition ran from March to July 2021. 44 applications have been approved for funding subject to due diligence checks (£50.6 million of IETF funding that will go towards projects totalling £145 million).

IETF privacy notice

Consultations

We held 2 consultations to test our approach with industry and finalise the design of the fund.

Published 16 July 2019
Last updated 9 May 2022 + show all updates
  1. IETF Phase 2: Summer 2022 competition page added.

  2. Industrial Energy Transformation Fund (IETF) Phase 2: Spring 2022: guidance available now, opens to applications on 31 January 2022. Phase 2: Autumn 2021 is now closed to applications.

  3. Added information about IETF Phase 2 and a first stage process evaluation for IETF Phase 1.

  4. Link added to Industrial Energy Transformation Fund (IETF) Phase 1: Summer 2020 competition winners.

  5. IETF Phase 1: Spring 2021 opens to applications on 8 March 2021. Link to guidance added.

  6. First published.