Industrial Energy Transformational Fund – £40m of funding to help businesses cut their carbon emissions
Grant schemes looking for projects to move the UK towards zero carbon are like buses at the moment – hot on the heels of announcement of…
On 4 February Energy Minister, Anne-Marie Trevelyan, announced the latest round of the Energy Entrepreneurs’ Fund (EEF).
Eligibility criteria are laid out in the guidance material at link these criteria include:
|Project||To be at technology readiness level (TRL) 3 or above (critical function or proof of concept established).|
|Research category||Must fall within the definitions of industrial research, feasibility study or experimental development|
|Match funding||Before the grant letter is issued, the applicant will need to demonstrate a credible plan to raise the match funding required for the whole lifetime of the project|
|Project location||Over 50% of the project’s activities must be conducted in the UK|
|Proposal to demonstrate||• Improved performance characteristics over existing technologies or products
• Novel component technologies that can be implemented in existing systems to deliver improved performance or reduced costs of the system
• Products, processes or technologies that can reduce the cost of installation or maintenance of existing systems
|Types of technology||“May include, but not be limited to, those listed in Table 2” of the guidance. table 2 has two broad categories of technology areas (energy efficiency and building technologies and power generation and energy storage) with examples – link page 19/59|
|Project duration||36 months: All grants will end no later than 31st March 2024|
|Applicants unsuccessful in previous rounds||Applicants are only permitted to apply for the same technology development project twice|
|Successful applicants to previous rounds||May apply for funding for additional activities or new projects under this phase. This work must extend the scope of the previous work to new applications or processes|
|Applicant||• All SMEs
• Other private sector organisations irrespective of size
• Collaborative proposals
• Research organisations as defined below. It is expected that these will be part of a collaborative proposal, preferably with a SME partner
Grant intervention rates depend on projects research category, size and type of applicant (5.2 of Guidance). There is a special category of “Small Innovative Start-Up” with different intervention rates (5.1).
Maximum intervention rate is 90%; minimum is 25%.
Specialist advisers will be assigned by BEIS to support the company in the development of the appropriate knowledge and skills.
This may include but will not be limited to services such as:
Expressions of interest are required by 12pm on 26th February 2021.
The deadline for applications is 12pm on 30th March 2021.
(There is also an applicant information presentation on Friday 12 February 2021 – see link below for how to get an invitation)
Detailed guidance can be found via Gov.UK webpage for this phase 8A of Energy Entrepreneurs Fund.
As always with grants for R&D, potential applicants would do well to consider the interaction with R&D Tax Credits and this is an area where our innovation and technology tax group can assist.