The Industrial Energy Transformation Fund (IETF) supports businesses with high energy use to transition to a low carbon future. The fund targets existing industrial processes, helping industry to cut their bills and emissions through increased energy efficiency and decarbonisation.


IETF Phase 2: Summer 2022 will provide up to £70 million of grant funding across three competition strands:

  1. Studies – feasibility and engineering studies to investigate identified energy efficiency and decarbonisation projects before making an investment decision.
  2. Energy efficiency – deployment of technologies in order to reduce industrial energy consumption.
  3. Deep carbonisation – deployment of technologies in order to achieve industrial emissions savings.

Businesses can apply to more than one strand if they meet the scope and eligibility criteria for each of them. All projects must aim to improve the performance, emissions, and environmental outcomes of the industrial process beyond standards currently required by both UK and international law.


This competition is open to businesses registered and operating in England, Wales or Northern Ireland. The lead applicant must carry out an eligible industrial process at a site which will be the focus of the application. To be eligible, the industrial process must also fall into one of the following SIC codes:

  • Mining and quarrying – 05101 through to 05200; 07100 through to 08990; 09900
  • Manufacturing – 10000 through to 33200
  • Recovery and recycling of materials – 38320
  • Data centre – 63110
More Information

IETF Phase 2: Summer 2022 is open until 9th September 2022. You can find everything you need to know, including the full eligibility criteria and how to apply, in the competition guidance document.

RedKnight's logoRedKnight has a strong track record of securing innovation funding and can help you develop a competitive application! If you are interested in bid writing support, please contact us to arrange a free consultation.