Open to all UK manufacturing sectors, the IEEA is a technology neutral competition, targeting innovations that can have the largest cross-sectoral impact on energy and carbon reduction. The programme will target partnerships between developers of energy efficient technologies and industrial companies willing to test these technologies on-site. This will allow promising innovators to demonstrate technology in an operational environment, while providing forward-looking industrial companies with an opportunity to implement pioneering technologies at reduced risk and capital cost.
A total of £9.2m in co-funding will be available through the programme, primarily for funding demonstration projects. Successful applicants should expect to receive between 40-60% of total project cost, with IEEA contributions typically between £150,000 and £1 million per project – the remainder to be provided by the applicant. There is scope for a small number of exceptional projects to receive more than £1 million.
Where appropriate, demonstrating sites and technology innovators will also receive project de-risking and incubation support to help them deploy projects, build a sales pipeline, and raise finance.
The competition will be open until August 31 2018.
For more information and to apply please click HERE.