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ARTICLE · 11 FEBRUARY 2021

Industrial Energy Transformation Fund

Walker Morris
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On 7 February 2021 the government announced £40 million in funding for businesses to help the hard to decarbonise industrial sectors reduce emissions and improve energy efficiency.

United KingdomEnergy and Natural Resources
Ben Sheppard
Ben Sheppard

On 7 February 2021 the government announced £40 million in funding for businesses to help the hard to decarbonise industrial sectors reduce emissions and improve energy efficiency.

Key points

  • £40 million government investment to help polluting industries including steel, pharmaceuticals and food and drink to find new ways to reduce their carbon emissions
  • solutions including using heat recovery technology to generate electricity and replacing gas with hydrogen fuel will help businesses cut energy costs, protect jobs, and improve air quality across the UK
  • funding supports the government's mission to build back greener and eliminate the UK's contribution to carbon emissions by 2050

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