The £7m fund has been made available to SMEs on a first come-first served basis, and will offer energy saving training, cost saving assessments, implementation advice, and capital support for the installation of energy efficiency equipment.
The grant offers £5,000 (ex vat) or up to 15% of the spend on cost of carbon reducing technologies.
The grant will be on a first come first served basis for the whole of England, Scotland and Wales with a target of helping 1000-2000 businesses (which isn’t many across such a large area!).
This is a great but limited opportunity to further reduce the capital cost of the project. Early action is required as the fund is expected to be extremely popular.
The Low Carbon Energy Company, based in Burnley, are one of the Carbon Trust’s delivery partners for the UK.
The Carbon Trust is launching a new fund providing vital capital for smaller businesses to replace old, power-guzzling equipment, together with expert advice to boost the efficiency and productivity of businesses in England, Scotland and Wales.
The £7m fund has been made available to SMEs on a first come-first served basis, and will offer energy saving training, cost saving assessments, implementation advice, and capital support for the installation of energy efficiency equipment. Eligible companies can apply for a capital contribution to cover up to 15% of an energy efficiency project or equipment replacement cost, up to a maximum of £5,000.
The fund can also be used to purchase a range of equipment, including energy efficient lighting, Heating, Ventilation and Air Conditioning (HVAC) and energy efficiency controls – vital equipment across a range of business sectors, including manufacturing, retail, and hospitality.
The scheme is expected to support 1000 to 2000 smaller businesses across England, Scotland and Wales. It is expected to enable participating businesses to invest £55m in energy saving projects which would deliver them lifetime energy savings of almost £130m. The programme will focus on high quality implementation to ensure the best energy efficiency opportunities are fully realised. The Green Business Fund will launch on Monday 18th April 2016.
For small and medium sized businesses (with fewer than 250 employees) in England, Scotland and Wales – the Carbon Trust Green Business Fund offers an energy opportunity assessment, equipment procurement support, and a financial contribution towards energy saving equipment. Implementation advice is available to companies with 1,000 employees or fewer.
These services are paid for by the Green Business Fund for a limited period.