Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, how much funding his Department has provided through phase (a) one and (b) two of the Industrial Energy Transformation Fund.

The £289m Industrial Energy Transformation Fund (IETF) has run six competition windows to date: Phase 1 of the IETF opened in 2020, and the final window of Phase 2 closed at the beginning of 2023.

As of July 2023, the Government has already allocated funding to over 130 projects and studies worth around £167.9 million. Allocations by Phase are as follows:

Phase 1: £48.2m

Phase 2: £119.6m

Further IETF allocations will be made once funding decisions for the final window of Phase 2 have concluded in Summer this year.