Industrial Energy Transformation Fund (IETF) Phase 3

Overview

On the 30 March an extension to the Industrial Energy Transformation Fund was announced as part of the Powering up Britain package, increasing total grant funding by £185m. Subject to business case approval, Phase 3 of the IETF will open for new applications in early 2024, supporting industry to cut their energy bills and carbon emissions through investing in energy efficiency and low carbon technologies.

Building on previous stakeholder feedback and lessons learned from earlier application rounds, the government is running a short consultation to seek views on the design of Phase 3 and the longer-term role of government support.

Why your views matter

This consultation is an opportunity for stakeholders to shape the development of Phase 3 enabling government to deliver policies which are informed by robust evidence. The consultation is split into two parts:

• Part 1 - Development of Phase 3, seeks views on IETF Objectives; Eligibility and Scope; Technologies; Project Assessment Criteria; and Monitoring and Evaluation.
• Part 2 asks for views on the long-term role of government support post 2025 which will help inform the development of future industrial policies

Responses should be submitted via the survey settings. You will be required to answer most of the questions and where it is not relevant enter N/A.

Please do not:

• Send answers via email unless it is absolutely necessary/it is the only option available to you
• Send separate documents with information without answering the consultation questions, instead please provide all details in your answers. 

Read the consultation document on GOV.UK.

What happens next

This consultation was open from 26 June 2023 to 21 July 2023. We will use the responses to these consultation activities to inform the design and delivery of IETF Phase 3.

A summary of the consultation findings will be published in Autumn 2023, ahead of the launch of Phase 3 in early 2024.