Highlights

GBP40 million IEFT funds in latest round

GBP315 million on offer in total

Heat pumps, fuel switching eligible

London — The UK government has opened a second round in its Industrial Energy Technology Fund (IETF), offering GBP40 million ($55.27 million) of grants to businesses in England, Wales and Northern Ireland to improve the energy efficiency of industrial processes, the Department for Business, Energy and Industrial Strategy said March 8.

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In all, BEIS has pledged GBP315 million over the lifetime of the fund, aimed at cutting energy bills

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