Evaluation of Industrial Energy Transformation Fund (IETF)
Publicatiedatum: 30 januari 2026 | Taal: EN
The Department for Energy Security and Net Zero (DESNZ) commissioned Technopolis to conduct the Final process evaluation of the Industrial Energy Transformation Fund (IETF)
The Industrial Energy Transformation Fund (IETF), launched in 2020, was designed to help high energy use businesses cut their energy bills and carbon emissions through investing in energy efficiency and low carbon technologies. It was in 3 phases with up to £500 million of funding available until 2028.
This report evaluates how the IETF worked in practice for the applicants and businesses involved. It summarises findings from a Final Process Evaluation conducted over 2024 to 2025 covering Phase 1 and 2 of the IETF.
The key messages from the evaluation were:
– The IETF was viewed as an attractive offering to companies aiming to implement for industrial decarbonisation.
– IETF processes were broadly viewed positively in delivering against the programme objectives, with long award timescales and scope to
tailoring benefits monitoring and verification processes to ensure proportionality relative to project size.
– There is strong evidence, triangulated across data sources, to demonstrate that financial barriers to decarbonisation have been overcome for IETF beneficiaries,. There is also emerging evidence that IETF has reduced capability barriers for beneficiaries around implementing industrial decarbonisation measures. In addition, there is also emerging evidence of wider knowledge spillovers to industry, predominantly through beneficiary
supply chain relationships with equipment suppliers and consultants.
