Industrial Energy Transformation Fund Phase 2 Autumn 2021

The Department for Business, Energy and Industrial Strategy (BEIS) has opened the new Industrial Energy Transformation Fund (IETF) Phase 2: Autumn 2021 competition window.

Businesses in England, Wales and Northern Ireland can bid for a share of up to £60 million in grant funding through the new competition window, which is open for applications until 6 December 2021.

The competition will provide grant funding towards the costs of:

• Studies – feasibility and engineering studies to investigate identified energy efficiency and decarbonisation projects prior to an investment decision.
• Energy Efficiency projects – deployment of technologies to reduce industrial energy consumption.
• Deep Decarbonisation projects – deployment of technologies to achieve industrial emissions savings.

Rebecca Heap, Senior Research & Development Manager within Beavis Morgan’s Research & Development (R&D) Tax Relief team, explains: “There is a huge variety of government support and incentives available to businesses to support their innovations and projects.  It can be very challenging for businesses to keep on top of what is available and relevant.  Our team look to align opportunities and obtain additional funding for our clients, making them aware of the various schemes available and enabling government support to be more accessible.”

For further information or to arrange a no obligation preliminary meeting on how your company could qualify under the R&D Tax Relief scheme, please contact Rebecca Heap, Steve Govey or a member of our R&D Tax Relief team.