How to WIN Your Bid from the Industrial Energy Transformation Fund with Annie Mfula
Time: 3:00 pm - 4:00 pm
Location: Online Zoom Event
Imagine the possibilities of a successful bid for funding… A reduction in production energy costs, improved lead times, attracting new customers and owning a brand with ethical integrity. Ultimately securing a long-term future for your business and sparking growth opportunities.
This event is for manufacturers who understand that their current processes are heavily using gas and energy. In turn understanding, this is or will see spiralling production costs, isolation of socially conscience buyers, being responsible for a negative impact on the environment, and ultimately harming their business’s survival for the future.
There are various streams of financial support available to start de-carbonisation and waste reduction changes in manufacturing, however, the application process can be seen as confusing, time-consuming, and ultimately not fruitful if a bid is not successful.
We are joining forces with Annie Mfula, Head of Industrial Capacity Building for the Industrial Energy Transformation Fund (IETF)and she represents the Department for Business, Energy and Industrial Strategy (BEIS)
Together we are lifting the veil on this particular pot of funding to make it as easy as possible to understand,
What is this fund for
Who is eligible
How to create a winning bid
The Industrial Energy Transformation Fund (IETF) supports industrial sites with high energy use to transition to a low-carbon future. The fund targets existing industrial processes, helping industry to:
- Cut energy bills by investing in more efficient technologies
- Reduce emissions by bringing down the costs and risks associated with investing in deep decarbonisation technologies.
BEIS manages the IETF for England, Wales and Northern Ireland. Funding is distributed through an application process aimed at supporting bids that will transform current manufacturing processes into those of which will be environmentally sustainable.
Phase 2 of the IETF provides grant funding for feasibility and engineering studies, and for the deployment of industrial energy efficiency and deep decarbonisation projects. The Autumn 2022 window has launched.
There were 28 winners from the IETF Phase 1, and successful projects were allocated £22.4 million in IETF funding for project costs totalling £65.8 million.
The winners are from both the energy efficiency deployment and the studies competitions.
Examples of winning projects include,
RPC Containers Ltd: Deployment of ultrasonic melt flow enhancement technology to achieve energy savings of 27% across the energy-intensive, injection moulded food packaging sector
- energy efficiency deployment competition
- project ID – 95895
- grant offered – £1,025,476
- project costs – £2,929,931
- location – Blackburn
The company proposed to use an ultrasonic vibration system applied to the melt during injection, which provides a flow enhancement akin to a temporary reduction in melt viscosity. This reduction in melt viscosity then enables a lower melt temperature, compensating for the otherwise increased viscosity due to the lower temperatures. Testing has shown over 20% reduction in energy consumption per moulding and a 20% productivity improvement.
Sheffield Forgemasters Engineering Ltd: Decarbonising the production of large-scale forgings and castings
- study competition
- project ID – 97148
- grant offered – £74,805
- project costs – £168,407
- location – Sheffield
Primary manufacturing routes, focusing on key processes such as steel making and heat treatment, will be investigated to identify opportunities for decarbonisation. The company’s reliance on natural gas means opportunities for fuel switching to carbon-free equivalents such as hydrogen will be explored. In addition, opportunities to remove oxyacetylene and propane fuels used in cutting operations will also be considered.
The full list of winners can be found here
The online meeting will include an overview of IETF and its updates, what projects are eligible, open discussion and Q&A with the people who manage and allocate fund.
*This event is exclusive to manufacturers in the North West of the UK and Wales.