Energy Efficiency Loan scheme

Dragon’s Den — Theo Paphitis

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... »

Energy-Efficiency Loan Scheme

For businesses interested in reducing their carbon footprint and saving costs on heating the Carbon Trust offer energy-efficiency loans of between £5,000 and £200,000. Energy-efficiency loans are typically used to upgrade heating systems where old inefficient boilers can be costing small businesses thousands of pounds every year. Modern boiler and heating systems have become incredibly efficient, use less energy and obviously cost less to run. Although the initial costs may be high, the loans help to absorb the primary costs. As well as reducing carbon emissions, energy-efficiency can add to a company’s bottom line. In England and Scotland the energy-efficiency loans are available to SMEs, and in Wales to all businesses, subject to regional eligibility. Eligible businesse... »

Carbon Trust

Small firms offered £200K for energy efficiency

Small businesses investing in energy–efficient equipment can now borrow up to £200,000 interest–free after the Carbon Trust doubled the maximum size of its Energy–Efficiency Loans. The increase in the potential value of the loans follows concerns that market conditions have made ambitious projects unaffordable for some businesses. The Trust has also beefed up its total loan pot by 45% to £31 million. Under the Energy Efficiency Loan scheme, eligible firms will now be able to 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... »