The Industrial Energy Transformation Fund (IETF) is a pioneering scheme designed to catalyse the transition of high-energy-use businesses towards a low-carbon future. By providing grant funding, the IETF aims to support the development and deployment of technologies that foster energy efficiency, feasibility studies, and deep decarbonisation projects.
Who Can Benefit:
Businesses engaged in a Case I or Case II trade or profession, demonstrating high energy use and operating within eligible industrial sectors or data centers, are eligible to leverage the opportunities offered by the IETF. The scheme targets entities ready to embrace a sustainable future by exploring and implementing innovative solutions.
To qualify for the IETF, businesses must meet the following criteria:
- Tax compliance with a valid Tax Clearance Certificate.
- Engaged in a Case I trade or Case II profession, including eligible charities and approved sporting bodies.
- Registered with BEIS or the Department for Energy Security and Net Zero.
- Demonstrate a clear business problem or idea requiring external expertise and resources.
- Showcase the potential for increased sales, employment, or exports.
- Compliance with the European Union State Aid Temporary Crisis Framework and Transition (TCTF), ensuring adherence to overall financial support limits.
Grant Value and Project Coverage:
The grant value is determined based on project factors such as type, size, location, and employment impact. IETF offers:
- Up to 70% coverage of eligible costs for feasibility and engineering studies.
- Up to 50% coverage of eligible costs for deployment projects.
- Maximum grant amounts of £14 million for studies and £40 million for deployment projects.
Businesses interested in harnessing the benefits of IETF should submit the following documents:
- A copy of their Tax Clearance Certificate.
- A completed application form and declaration.
- A detailed project plan and budget.
- Quotations for capital expenditure items relevant to the project.
- Unlock the Potential of Sustainable Transformation:
Join the IETF and take a significant step towards a sustainable, low-carbon future. Embrace innovation, explore feasibility studies, and deploy energy-efficient projects with the support of the Industrial Energy Transformation Fund. Let your business thrive while contributing to a greener tomorrow.
Note: This information is subject to the specific guidelines and requirements outlined by the IETF.
For more information see: https://www.gov.uk/government/collections/industrial-energy-transformation-fund
Grant applications are a key specialty of Celtic Dynamics. We actively research and apply for grants on behalf of your company, ensuring you can access available financial assistance to optimise the overall cost of your energy projects.
How to Proceed:
Ready to secure funding for your energy-saving projects? Book a call with Celtic Dynamics to discuss the details further and receive a customised quotation. Our Energy Grant Applications service is designed to enhance your chances of success in securing grants for your energy initiatives.