UK government gives businesses £12 million to improve energy efficiency

The UK government is awarding businesses £12.4 million to clean up industrial processes and improve energy efficiency.

The funding will be split between 22 businesses and is part of the Industrial Energy Transformation Fund (IETF), which has awarded grants to British projects across the country to increase the energy efficiency of their industrial processes.

Businesses which will benefit from the funding include a cheese maker Long Clawson Dairy and Autotech Engineering / Gestamp, which makes metals for use in light weight vehicles.

It is estimated that UK industry is currently responsible for producing 16 per cent of the country’s emissions, with the government saying it will need to cut emissions by two thirds by 2035 in order for the UK to achieve its net zero target.

Commenting on the news Graham Stuart, minister at the Department for Energy Security and Net Zero said: “Boosting the energy efficiency of industrial processes is a critical step not only in our transition to a lower-carbon economy, but also by helping businesses to cut their energy costs and protect valuable British jobs.”

He added that over £34 million in funding has been awarded through the Industrial Energy Transformation Fund, which was first launched in June 2020.

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