Act now! IET Government funding
The Industrial Energy Transformation Fund (IETF) competition launches on the 20th of July 2020.
The programme will initially provide up to £30 million matched funding (Phase 1) and over £300m in total for feasibility studies, engineering studies and demonstration projects in England, Wales and NI.
Industries with significant heating and/ or cooling processes are likely to be good candidates for funding.
There is a range of funding options and the first application window is now open
1. Development of matureenergy efficiency technologies that improve industrial process energy efficiency and reduce demand (minimum grant funding £250k per project, up to 24 months duration)
2. Feasibility studies for projects deploying mature energy efficiency technologies or deep decarbonisation (minimum eligible project cost £60k, up to 12 months duration)
3. Engineering studies for projects deploying mature energy efficiency technologies or deep decarbonisation (minimum eligible project cost £100k, up to 24 months duration)
We have a wealth of experience in industrial energy efficiency and decarbonisation as well as the sourcing of Government grants. To find out more on how Verco can both support the development of project and the application process, please contact us.