The UK Government’s Department for Business Energy and Industrial Strategy (BEIS) recently announced the first tranche of winners from the Industrial Energy Transformation Fund (IETF) Phase 1: Summer 2020 competition. The full list of projects and winners receiving the £16.5 million in IETF funding can be seen here.

Projects offered funding in Wales were:

  • Celsa Manufacturing (UK) Ltd steelworks in Cardiff – offered £3 million towards an £8.6 million project to install equipment to reduce the time it takes to melt steel within the steel plant and increase production for the same energy input.
  • BAE Systems Properties Ltd at Glascoed – offered £82,200 towards a £165,000 project to undertake Front-End Engineering Design (FEED) studies to reduce energy consumption and the sites carbon footprint by 20-25% by incorporating more energy efficient technology within a new energy centre.

The second tranche of winners from the Phase 1 Summer 2020 competition will be announced later this year.

Industrial Energy Transformation Fund (IETF) Phase 1: Spring 2021

The IETF Phase 1: Spring 2021 competition is now open and runs to 14 July. Up to £40 million of grant funding is available for energy efficiency projects and studies. Guidance on how to apply is available here.

IETF stakeholder clinics

BEIS and Innovate UK are hosting a series of stakeholder clinics throughout the competition window to help and support businesses interested in applying for IETF funding.

The stakeholder clinics help businesses planning on bidding for IETF funding by enabling them to speak directly to BEIS and Innovate UK and ask questions around potential bids, competition scope, eligibility criteria, how to apply for funding, and IETF support and information services available.

The next stakeholder clinics take place on 15 June 2021 and 29 June 2021. You can register to attend here.

 

 

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