Ben Everitt, the MP for Milton Keynes North, is encouraging eligible businesses in the city to apply for grants from the Government's Industrial Energy Transformation Fund.
The latest round of applications opened today (30/05) and builds on £160 million of support allocated to businesses across the country since summer 2020.
The fund is designed to help businesses to cut their energy bills and carbon emissions. Businesses can apply for grant support towards the costs of investing in energy efficient and decarbonising technologies, or towards the costs of investigating the suitability of these technologies through a feasibility or engineering study.
Up to £70 million will be allocated to industrial sites in England, Wales, and Northern Ireland during this current phase.
Eligible industrial sectors include manufacturing, mining and quarrying, processing of recovered and recycled materials, and data centres.
The fund will close for applications on 9 September 2022, but businesses will also have the opportunity to apply for the Phase 2: Autumn 2022 competition which will follow shortly after.
Ben Everitt MP said: "At a time when we're seeing energy bills rise, but also a focus on getting to Net Zero, the Industrial Energy Transformation Fund is a key fund local businesses can use to help transition to a more energy efficient future.
"I'd strongly encourage eligible businesses in Milton Keynes to put forward an application for a grant from this fund."