Beis seeks views on £315m industrial energy fund rules

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Government seeks views on the final design of a £315m industrial energy fund, announced in 2018, set to open for bids in 2020.

The fund will support measures that help reduce energy and carbon within industrial firms, particularly energy intensive businesses. Government intends to include support for mature energy efficiency technologies within processes (i.e. not lighting, HVAC, or electric vehicles), and ‘deep decarbonisation’ technologies such as low carbon fuel switching (e.g. hydrogen), material efficiency and carbon capture.

Businesses will need to pitch projects into a competitive bid for funds, though the government is considering setting aside some money for loans, and seeks input on that approach in the consultation.

More broadly, the business department seeks input on whether it has the design of the scheme right in terms of who can apply, whether or not only technologies from the Energy Technologies List should be eligible, how the fund should be delivered and how knowledge can be shared/transferred from successful projects.

See the consultation

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