On July 20th, 2020, Innovate UK opened a first phase of the Industrial Energy Transformation Fund (IETF), designed to help businesses with high energy use to cut their energy bills and carbon emissions through investing in energy efficiency and low-carbon technologies. The IETF is managed by the Department for Business, Energy and Industrial Strategy (BEIS), which is a joint sponsor. This first phase consists of a funding competition offering a total share of up to £30 million, divided into two competition strands and open to any business registered, and planning to carry out the project work, in England, Wales or Northern Ireland. The project submission deadline for both strands is on October 28th, 2020. A second phase will launch in 2021 with up to £269 million of funding.
Insights: Department for Business
The Automotive Transformation Fund – a new funding competition to move the automotive sector to zero emissions
Innovate UK – together with the Advanced Propulsion Centre (APC), the Department for Business, Energy, and Industrial Strategy (BEIS), and the Department for International Trade (DIT) – have opened a new funding competition: The Automotive Transformation Fund. This funding competition can be seen as part of the UK government’s broader Road to Zero Strategy which seeks to reduce vehicle emissions to zero by 2050, and, perhaps more ambitiously, aims for at least half of new cars to be “ultra-low emission” by 2030.