27 April 2011
Business can now apply for loans to invest in low carbon technology.
A new £550m financing scheme has opened which assists UK businesses to invest in low-carbon technologies. The Energy Efficiency Financing scheme is operated by Siemens Financial Services in partnership with the Carbon Trust, and will run for a minimum of three years.
Businesses can now apply for loans through the scheme when purchasing low carbon technology such as energy efficient lighting and biomass heating. The Carbon Trust will assess the energy and financial savings of proposed projects to ensure that businesses can offset the cost of the loan entirely through the savings made.
This system should allow businesses to safely invest in reducing their energy consumption without incurring any net costs.
There is no cap on the size of the loan that an organisation can apply for, although provision of the finance will be dependent on the type of investments planned by the organisation and the level of risk involved. Small businesses will be able to access finance starting at £1000, although the average loan size is expected to be around £30,000.
For more information about how Green Mark can help your organisation contact firstname.lastname@example.org or telephone 020 940 1562.