New Industrial Energy Transformation Fund (IETF) Phase 3 competition window for businesses now open

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The Department for Energy Security and Net Zero (DESNZ) has today opened the Industrial Energy Transformation Fund (IETF) Phase 3: Spring 2024 competition window and would like to invite you to join our competition briefing webinar on Tuesday 6 February.

Businesses in England, Wales and Northern Ireland can now bid for a share of up to £185 million in grant funding through the Phase 3: Spring 2024 competition window, which is open from today until Friday 19 April 2024. To view the applicant guidance and make an application for funding, please visit our competition page.

The competition will provide grant funding towards the costs of:

  • Studies – feasibility and engineering studies to investigate identified energy efficiency and decarbonisation projects prior to an investment decision.
  • Energy Efficiency projects – deployment of technologies to reduce industrial energy consumption.
  • Deep Decarbonisation projects – deployment of technologies to achieve industrial emissions savings.

The competition is open to the following sectors, organisations and professionals including:

  • Manufacturing
  • Data centres
  • Mining and quarrying companies
  • Recovery and recycling of materials companies.
  • Controlled environment horticulture
  • Industrial laundries

IETF Phase 3: Spring 2024 stakeholder event

We invite you to join our online IETF Phase 3: Spring 2024 webinar on Tuesday 6 February 2024. It will be an opportunity to:

  • Hear about the scope of the competitions
  • Hear from industrial site owners who were funded in Phases 1 and 2
  • Learn about eligibility criteria
  • Learn how to make an application for funding
  • Network online and develop partnerships for the competitions
  • Speak with DESNZ online for one-to-one discussions about the competitions.

To register for the webinar, please visit our registration site.

If you have any questions about the Phase 3 competition or would like to discuss a potential application, please contact IETF@energysecurity.gov.uk. We have also published answers to Frequently Asked Questions.

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