To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps she is taking to establish an industrial energy efficiency scheme.
5 September 2019
The Industrial Energy Transformation Fund was announced in October 2018. We are providing £315m for this fund to support industrial energy efficiency and decarbonisation projects. This will help to bring down energy costs and reduce carbon emissions for vital industries, including energy intensive industries. We have sought stakeholder views through our informal consultation as well as a market intelligence exercise, helping to inform the design of the fund. We will publish a consultation setting out our preferred fund design and invite stakeholders to comment shortly.
The IETF will complement existing schemes such as the Industrial Heat Recovery Scheme and the Industrial Energy Efficiency Accelerator.