Industrial Energy Transformation Fund (IETF) Phase 2: Spring 2022 (closed to applications)

Phase 2 of the IETF provides grant funding for feasibility and engineering studies, and for the deployment of industrial energy efficiency and deep decarbonisation projects.

Applies to England, Northern Ireland and Wales


IETF Phase 2 Spring 2022: guidance

IETF privacy notice


Update: 9 May 2022

The IETF Phase 2: Spring 2022 is closed and we are now assessing applications.

It provides up to £60 million of 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


The Phase 2: Spring 2022 competition is open to businesses of any size registered in England, Wales or Northern Ireland.

If your site is based in Scotland, you can apply for the Scottish Industrial Energy Transformation Fund (SIETF): contact for more information.

Industry type

Your business must operate an existing site which falls into one of the following SIC codes:

Eligible industrial processes SIC codes
Mining and quarrying 05101 through to 05200
07100 through to 08990
Manufacturing 10000 through to 33200
Recovery and recycling of materials 38320
Data centre 63110

Please check the SIC code you were allocated at the time of registering at Companies House. If the parent company SIC Code does not reflect the activity carried out at your site, for example where a data centre is owned by a telecoms company, you may still be eligible.

The guidance document provides more detail on the eligibility criteria. You can also contact us about eligibility at type ‘Eligibility screening assessment request’ as the subject line of the email.

Minimum and maximum thresholds

The funding will be awarded as grants towards the total costs of successful proposals. Your proposal must fall within the stated minimum and maximum award thresholds in this table. Unless otherwise specified, thresholds refer to the minimum and maximum grant that you can apply for.

Funding applied for Minimum threshold per application Maximum threshold per project
Energy efficiency deployment projects £100,000 £14 million
Deep decarbonisation deployment projects £100,000 £30 million
Engineering studies £50,000 (total eligible cost) £14 million
Feasibility studies £30,000 (total eligible cost) £7 million

How to apply

The Spring 2022 competition closed to applications on 29 April 2022.

Get in touch

If you need more information about Phase 2 of the IETF please contact the BEIS IETF team at

Read our IETF Phase 2 policy statement which explains the design choices. To find out about past competition winners visit the Summer 2020 winners page.

Updates to this page

Published 10 January 2022
Last updated 9 May 2022 + show all updates
  1. The IETF Phase 2 Spring 2022 competition closed in April 2022.

  2. Added link to video tutorial of how to complete the IETF application form.

  3. The Industrial Energy Transformation Fund (IETF) Phase 2: Spring 2022 is now open to applications.

  4. First published.

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