Industrial Energy Transformation Fund (IETF) Phase 2: closing February 2023

The £289m Industrial Energy Transformation Fund has been supporting the permanent deployment of industrial energy efficiency and decarbonization technologies on industrial sites in England, Wales and Northern Ireland since July 2020. Your final opportunity to apply for funding from this successful programme is now open. Note extended deadline – now closing 17th February 2023.

Opportunity Details


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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.


Dept for Business
Energy & Industrial Strategy (BEIS)

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The Deparment for Business, Energy and Industrial Strategy (BEIS) is providing capital investment for industrial sites, such as manufacturing, mining, quarrying and material recycling, both within and outside the industrial clusters, to transition to a low carbon future.

The £70million Autumn 2022 window is open for applications and will run until Friday 17th February 2023 – note extended deadline! (originally 13th Jan)

The competition will provide grant funding towards the costs of:

  • Feasibility and engineering studies for potential deployment projects that will deliver energy efficiency or decarbonisation benefits if implemented, enabling decision-makers to make informed investment choices
  • Deployment of mature energy efficiency technologies that improve industrial energy efficiency and reduce energy demand (TRL 8-9)
  • Deployment of deep decarbonisation technologies that reduce carbon emissions associated with the industrial process (TRL 7-9)

To view the applicant guidance and make an application for funding, please visit our competition page.

 The competition window is likely to be very popular so please do take advantage of all the support services available to applicants including;

IETF Networking platform

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

IETF Technology Marketplace

An online platform with 5 minute videos from technology providers describing technologies which are eligible for the IETF funding. Register using this form to be sent a private link to the videos.

Briefing Webinar

The Department for Business, Energy and Industrial Strategy (BEIS), in collaboration with Innovate UK KTN, hosted an online competition briefing webinar on 11th October 2022, 10am-12:30pm, to share details of the final competition window from the £220m Industrial Energy Transformation Fund (IETF) Phase 2. Click here to watch the recording.

IETF Podcast series

To give you inspiration, why not listen to our short podcast series where we speak to previously funded IETF projects and their delivery partners.

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Industrial Energy Transformation Fund Podcast Series


Industrial Energy Transformation Fund Podcast Series

Innovate UK and The Department for Energy Security and Net Zero (DESNZ) are pleased to share this short podcast series with you. The discussion, led by Innovate UK KTN’s Jenni McDonnell MBE, will talk to different stakeholders including policy makers, industrial sites and delivery partners who are helping industrial sites to understand what they could achieve by taking advantage of this opportunity.

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