Evaluation of the Industrial Energy Transformation Fund (IETF)
Final process evaluation of the Industrial Energy Transformation Fund (IETF) which aimed to help high energy use businesses cut their energy bills and carbon emissions.
Applies to England, Northern Ireland and Wales
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The Industrial Energy Transformation Fund (IETF), launched in 2020, was designed to help high energy use businesses cut their energy bills and carbon emissions through investing in energy efficiency and low carbon technologies. It was in 3 phases with up to £500 million of funding available until 2028.
This report evaluates how the IETF worked in practice for the applicants and businesses involved. It summarises findings from a Final Process Evaluation conducted over 2024 to 2025 covering Phase 1 and 2 of the IETF.
The evaluation draws on a range of evidence sources:
- interviews with beneficiaries, delivery team, assessors, monitoring officers and withdrawn successful applicants
- surveys with beneficiaries
- review of documentation
The report builds on findings from the Phase 1 evaluation, published September 2021.
DESNZ commissioned Technopolis Ltd, a science and technology policy evaluation consultancy, to conduct the evaluation.
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