Published: July 17th, 2020
Industrial companies from across the Marches are being urged to apply to a £30million fund to help them improve their energy efficiency.
Phase 1 of the Industrial Energy Transformation Fund (IETF) – which offers grants starting from £250,000 – opens on 20 July 2020 and businesses are being urged to apply.
The scheme will provide funding for:
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projects deploying technologies that improve energy efficiency, specifically of industrial processes
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feasibility and engineering studies of energy efficiency and deep decarbonisation projects
The programme is open to organisations within the manufacturing SIC codes 10-33 as well as data centres.
A spokesman for the scheme said the minimum grant companies could receive for energy efficiency deployment projects would be £250,000.
"The total eligible costs for engineering studies must be at least £100,000 and the total eligible costs for feasibility studies must be at least £60,000."
The fund is being managed by Innovate UK with up to £30 million of funding available.
For more information about the application process contact Innovate UK at [email protected] or call the helpline on 0300 321 4357 between 9am and 5:30pm, Monday to Friday.
