A new £9.2 million Industrial Energy Efficiency Accelerator to help strengthen the global competitiveness of British industry
The Carbon Trust has launched a new £9.2 million Industrial Energy Efficiency Accelerator (IEEA) to help strengthen the global competitiveness of British industry. Funded by the Department for Business, Energy and Industrial Strategy (BEIS), the IEEA aims to lower the cost of near-market energy efficient technologies for a range of industrial sectors, through demonstration projects.
Open to all UK manufacturing sectors, the IEEA is a technology neutral competition, targeting innovations that can have the largest cross-sectoral impact on energy and carbon reduction. The programme will target partnerships between developers of energy efficient technologies and industrial companies willing to test these technologies on-site. This will allow promising innovators to demonstrate technology in an operational environment, while providing forward-looking industrial companies with an opportunity to implement pioneering technologies at reduced risk and capital cost.
A total of £9.2m in co-funding will be available through the programme, primarily for funding demonstration projects. Successful applicants should expect to receive between 40-60% of total project cost, with IEEA contributions typically between £150,000 and £750,000 per project – the remainder to be provided by the applicant. There is scope for a small number of exceptional projects to receive more than £750,000.
Where appropriate, demonstrating sites and technology innovators will also receive project de-risking and incubation support to help them deploy projects, build a sales pipeline, and raise finance.
The competition will be open from October 2017 to September 2018 (or until funding exhausted).
Photo: Speaking at the Carbon Trust Corporate Sustainability Summit, Claire Perry, Minister of State for Climate Change and Industry announced that applications are now open for the £9.2 million Industrial Energy Efficiency Accelerator.
View the introductory slides which provide an introduction and overview of the IEEA, including key considerations for potential applicants such as the competition schedule, application process and eligibility criteria.
No, you can test the project with us and we will provide guidance.
No, we will evaluate projects in batches and provide responses within 4 weeks of receipt.
Funds from BEIS will flow to successful project in line with the project plan and milestones as stipulated by the applicant.
No, the application deadline is flexible but don’t wait until the final deadline in September 2018 to apply because funding may be allocated already. Applications will be reviewed periodically every two months or until funding is exhausted.
Yes, but if it is not yet ready you can wait until that is the case and then apply if there is funding remaining.