Carbon Trust Loans for energy saving equipment
On 29th June 2009 changes were made to the size of the loan and size of enterprise supported by the loan scheme. The Carbon Trust could now lend your business as much as £400,000 or as little as £3,000 to undertake energy saving projects that reduce your energy costs. The Carbon Trust also now lends to medium sized enterprises that spend less than £500,000 on electricity*.
In today’s economic climate, it may be difficult to get the credit you need to upgrade to more energy efficient equipment. These loans could be the solution. They not only offer interest free credit to help you make your business more efficient, they also help you lower your energy bills and cut carbon emissions.
An unsecured 0% loan that could pay for itself
The Carbon Trust’s Energy-Efficiency Loans are unsecured and interest free, with no arrangement fees and a straightforward application process. Loans can be repaid over a period of up to four years, and many of our borrowers have found that their energy savings more than cover their repayments.
Eligible companies**
On 29th June 2009 changes were made to the size of the loan and size of enterprise supported by the loan scheme.
Small or medium-sized businesses (SMBs) in England, Scotland, Wales and Northern Ireland can borrow from £3,000 to £400,000.
An SMB is defined as either an SME which itself is defined as an enterprise that employs fewer than 250 full-time equivalent employees and has an annual turnover not exceeding £43m and/or an annual balance sheet total not exceeding £37m; or an enterprise (including all other enterprises in the group) that consumes less than £500,000 in electricity per year)***.
In Northern Ireland and Wales all enterprises (i.e. including those larger than SMB) could borrow from £3,000 to £400,000.
All enterprises need to have been trading for at least 12 months.
For more information and/or to apply, visit the Carbon Trust Website.
* Conditions apply. Electricity spend must be below CRC threshold.
** Subject to meeting eligibility criteria.
*** These amounts are subject to adjustment.
