Industrial Energy Transformation Fund 2024 update

Posted on: 08/01/2024

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 2027.

The Department for Energy Security and Net Zero manages the IETF for England, Wales and Northern Ireland, with £289 million to invest over consecutive application windows split into 2 phases. The first two phases are now closed.

In March 2023 Treasury announced that there would be an IETF Phase 3, providing an additional £185 million in funding. They held a consultation on its design in the summer of 2023. IETF Phase 3 will open in January 2024.

Phase 1 and 2 funded projects can be viewed here.

IETF Support services

IETF Networking platform

A dedicated online networking platform with over 400 people already registered. Join the community and DM to arrange meetings and collaborate

Visit the networking platform

IETF Technology Marketplace

An online platform with videos from technology providers and industrial sites previously funded by the IETF to share ideas on how they have decarbonised their sites with support from IETF

Register to access the IETF Technology Marketplace

IETF Podcast series

To give you inspiration why not listen to our short podcast series where we speak to previously funded Industrial sites.

Food & Drink – Heineken & Britvic

Ceramics – Weinerberger & York handmade bricks 

Chemicals – Mitsubishi Chemicals & Esseco Group (coming soon)

Industrial site videos

Watch a series of videos filmed at industrial sites funded by IETF in Phase 1 to give you ideas of what you could deploy at your site, below.

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