Industrial Energy Transformation Fund (IETF) Phase 3
Wednesday 14th of February 2024 | Posted In:

Industrial Energy Transformation Fund (IETF) Phase 3

Overview:

In Spring 2024, the IETF Phase 3 is set to allocate £185 million in grant funding for various project types. These include feasibility and engineering studies, energy efficiency projects, and decarbonisation initiatives aimed at reducing industrial energy consumption and emissions. The budget will be distributed across two competition windows in 2024. The first window will prioritise high-quality applications, with any remaining budget allocated in the second window.

Application Process:

The application process for this funding includes two competition windows in 2024. The first window closed on 3 April. However, any remaining budget will be allocated to the second window. The opening date for applications in the second window will be announced shortly.

Eligibility:

Businesses of any size with eligible sites in England, Wales, or Northern Ireland can participate in the Phase 3: Spring 2024 competition. Some funding rules may differ for businesses in Northern Ireland. For businesses in Scotland, the Scottish Government offers support, and enquiries can be directed to [email protected].

Eligible industries include:

  • Mining and Quarrying
  • Manufacturing
  • Recovery and recycling of materials
  • Data centres
  • Industrial laundries
  • Controlled Environment Horticulture

 

How Can NFU Energy Help?

NFU Energy is here to assist with supporting an application through production of guidance documents. This includes electricity generation, COproduction and heating technologies - including, but not limited to, heat pumps (ground and water source), biomass boiler and Combined Heat and Power (CHP), and anaerobic digestion (biogas boiler and CHP) industrial waste heat. The guidance documents will:

  • Highlight the key considerations for the respective technology (inputs, outputs, permits etc.)
  • Describe how the technology fits into a protected horticultural setting
  • Outline high-level performance and operational costs
  • Give an indication of capital costs, supported where possible by installer communications.

Ongoing Support

Once your application has been accepted, we’re here to assist with the practical implementation of many energy saving and carbon reduction solutions including:

  • An on-site energy assessment
  • Specialist equipment to pinpoint energy leaks, monitor internal environmental conditions such as temperature, pressure, flow and humidity.
  • Advise how various technologies and solutions might fit with your particular operational processes and the likely scale of the installation required.
  • Detailed written report, with recommended actions for improvement – including estimates of costs and paybacks.
  • One-stop-shop access to our accredited list and strong network of contacts and partner organisations, who are able to offer all forms of renewable energy generation technologies, energy metering and monitoring technology solutions and energy efficiency technologies.
  • Ongoing support throughout the entirety of your project.

Ready to apply? Click here to get started!