Firms apply for Green Loans
Dragons’ Den investor Theo Paphitis has urged small businesses to reduce their carbon footprint with the help of an interest–free ‘green’ loan from the Carbon Trust. A £31 million funding pot is available under the Carbon Trust’s Energy Efficiency Loan scheme. Eligible firms can borrow between £5,000 and £200,000 for new or replacement equipment that is more energy–efficient. Qualifying businesses must have fewer than 250 employees, 12 months’ trading history and a good credit rating. The size of the loan available will depend on the energy–related cost savings from the investment. Loans do not require security and must be paid back over four years. Theo, who is appearing in the Carbon Trust’s nationwide advertising ca... »