A new £9.2 million Industrial Energy Efficiency Accelerator to help strengthen the global competitiveness of British industry
A new £9.2 million Industrial Energy Efficiency Accelerator to help strengthen the global competitiveness of British industry. Over the next four years the IEEA will aim to lower costs and increase the number of available energy efficient technologies for a range of industrial sectors, through demonstration of near to market innovations.
The programme is open to all sectors and is technology neutral, targeting near-commercial innovations that will have the largest cross-sectoral impact on industrial energy efficiency and reducing carbon emissions. The first competition will be open from September 2017 to January 2018, full details to be announced.
The IEEA is funded by the Department for Business, Energy and Industrial Strategy (BEIS) and will be delivered with support from engineering firm Jacobs and infrastructure specialist AMEC Foster Wheeler. The funding is anticipated to unlock a further £11 million of investment from the private sector to support the demonstrations.
Sign up to a free webinar to be held on 26th July which will provide further detail about the programme. To register please use this link:
Match funding is required under this programme, in compliance with EU State Aid Legislation. The proportion of funding available depends on whether the work is classified as industrial research or experimental development, the size of the organisation, and whether the work is through a collaboration. The maximum funding proportion is capped at 60% for industrial research and 40% for experimental development.