How to access Energy Efficiency Funding for SMEs | Glaze & Save
As business and other SMEs face growing monetary pressures from
various sources, considering energy efficiency or other green improvements to
your working environment may seem prohibitively expensive, especially for
smaller enterprises. Luckily, there are several options for SMEs to access
grants, interest free loans and tax breaks to offset the cost of new energy
efficiency measures. At Glaze & Savewe're
always keen to help SMEs access funding for energy efficient measures:
we're passionate about saving you energy and money!
Resource Efficient Scotland SME Interest Free Loan
Available to most SMEs across Scotland, Resource Efficient Scotland offer unsecured and interest free loans of up to £100k for energy efficiency measures, building fabric improvements waste reduction and water saving equipment. Renewable energy measures are also covered, but attract an interest rate. The list of eligible measures are comprehensive.
Resource Efficient Scotland will carry out an audit of your premises and make recommendations based on the particular challenges your SME faces. Their expert advisors will help you every step of the way from planning and funding to implementation.
Energy Saving Trust Administered Loans & Funding
The Energy Saving Trust administer a variety of different loans and grants which are accessible to a variety of SMEs.
If you’re an SME looking to reduce your carbon emissions, save money and increase your competitiveness, fixed rate loans of between £1,000 and £100,000are available
If you’re looking to make your district heating more affordable, the Energy Saving Trust can help you access a low interest loan of up to £400,000
If you are keen to reduce the carbon output of your SMEs transportation, the Energy Saving Trust administer the Low Carbon Business Loan, which offers Interest free loans up to £100,000
If you’re the owner or operator of a Hackney Cab, then the Energy Saving Trust can assist you in accessing loans up to £100,000to replace your existing vehicle with a new, fuel efficient model
The Carbon Trust Green Business Fund
The Carbon Trust Green Business Fund is a new energy support service available to SMEs in England, Wales and Scotland. The fund provides direct support through energy assessments, training workshops, equipment procurement support and up to £10,000 in capital contribution towards to the purchase of your energy saving equipment.
Carbon Trust Energy Efficiency Financing
Through their partnership with Siemens, the Carbon Trust have made £550m of Energy Efficiency Financing available to businesses across the UK who wish to introduce energy efficient equipment into their businesses. The Carbon Trust’s Northern Ireland and Walesservice also offer 0% interest loans to businesses seeking to invest in energy efficiency and green technology.
Scotland Energy Efficiency Programme (SEEP)
In February 2017 the Scottish government released a further £11 million of funding for homes and businesses to be distributed via local authorities in the second stage of the pilot of Scotland’s Energy Efficiency Programme (SEEP) pathfinder fund.
The funding assists local authorities in testing new energy saving methods with businesses, other SMEs and households which can then be taken forward when SEEP is fully introduced in 2018.
These are just a few of the multitude of funding options that are available for SMEs in Scotland to fund energy efficiency measures. More funding options can also be accessed through your local investment fund or other partners. There’s never been a better time to go green and attract funding for the energy efficiency measures that will save your SME energy and money.
