Enabling green transition
The UK Government has updated its paper Powering Up Britain: Net Zero Growth Plan.
Easy access to this document is provided at:
The document provides fingerposts to grant and funding options for industry and is worthy of close scrutiny by energy intensive members.
Funding of up to £30M is available for implementation projects.
Some of the items highlighted in the Industry section are reported below:
“Industrial Energy Transformation Fund (IETF). We are announcing an extension to the Industrial Energy Transformation Fund (IETF), increasing total grant funding available to £500 million. Subject to business case approval, we intend to open Phase 3 of the IETF 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.”
“Additionally, as announced at the Budget, we are extending the Climate Change Agreements Scheme by 2 years, which provides reduced Climate Change Levy rates for eligible businesses in over 50 industrial sectors worth an estimated £300 million a year.”
Access to this this funding can be made at:
