Industrial Energy Transformation Fund (IETF) launches new £60 million Phase 2 competition window

The Department for Business, Energy and Industrial Strategy (BEIS) has launched the Phase 2: Spring 2022 competition window of the Industrial Energy Transformation Fund (IETF). Phase 2 is worth around £220 million in funding between Autumn 2021 and 2025.

Businesses in Wales can now bid for a share of up to £60 million in grant funding through the Phase 2: Spring 2022 competition window. To view the applicant guidance and make an application for funding, please visit GOV.UK competition page.

The competition will open for applications on Monday 31 January and will run until Friday 29 April 2022. 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.

Case studies of Phase 1 competition winners can be found on the GOV.UK website.  

If you have any questions about the Phase 2: Spring 2022 competition or would like to discuss a potential application, please contact BEIS has also published answers to Frequently Asked Questions.  

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.

IETF Phase 2: Spring 2022 stakeholder event

BEIS is holding an online IETF Phase 2: Spring 2022 webinar on Tuesday 1 February 2022.

It will be an opportunity to:

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

To register for the webinar, please visit the Summary - Industrial Energy Transformation Fund Phase 2 Spring 2022 (

The event will be recorded and will be available to stakeholders to view at any time via a playback system. 

To help potential applicants to find suitable partners, BEIS has launched the IETF networking platform. To register and book meetings, please visit BEIS officials will also offer one-to-one confidential discussions via the networking platform on the day of the briefing event.

BEIS will offer fortnightly stakeholder clinics throughout the window. Further details will be shared in due course. Applicants can also view videos from past winners and suppliers of eligible technologies on our Virtual Technology Marketplace.

To register for the Technology Marketplace, please visit Industrial Energy Transformation Fund Phase 2 -Technology Marketplace (,

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