UK government funding targets CO2 reduction for steel and others
£40 mln is being made available by the UK government to help industries including steel, paper, pharmaceuticals and food and drink to reduce their carbon emissions and energy bills.
Businesses in energy-intensive sectors will be able to apply for grants worth up to £14 mln through the government’s Industrial Energy Transformation Fund – totalling £289 million in funding up until 2024.
This is the second competition window on the theme, with the first in June 2020, and the minimum grant has been lowered to £100,000 for deployment projects, offering more flexibility for small businesses.
Suggestions for suitable technologies include installing electric motors and heat pumps to replace natural gas-fired boilers and steam turbines, using heat recovery technology to recycle waste heat and generate renewable electricity, and replacing natural gas with hydrogen as a primary fuel.
The Industrial Energy Transformation Fund (IETF) window opens for applications on Monday 8 March and closes on Wednesday 14 July.
