Industrial Energy Transformation Fund (IETF) Benefits Report

Summary

The UK's Industrial Energy Transformation Fund (IETF) was established to help high energy-using businesses reduce their energy bills and carbon emissions through investments in energy efficiency and low carbon technologies. The fund, which closed to new applications after making up to £500m available, provided £201.5m in grants and leveraged £430.7m in private funding for 162 projects across England, Wales, and Northern Ireland. Projects are currently in progress, with some expected to complete by early 2028, and the report details their anticipated benefits.

Key Facts

Source Document

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