The Carbon Trust has launched a new fund providing capital for smaller businesses to replace old, energy inefficient equipment. The £7m fund has been made available to SMEs on a first come-first served basis, and will offer energy saving training, cost saving assessments, implementation advice, and capital support for the installation of energy efficiency equipment. Eligible companies can apply for a capital contribution to cover up to 15% of an energy efficiency project or equipment replacement cost, up to a maximum of £10,000. The fund can also be used to purchase a range of equipment, including:
- Energy efficient lighting
- Air Conditioning (HVAC)
- Energy efficiency controls.
The scheme is expected to support 1000 to 2000 smaller businesses across England, Scotland and Wales. It is expected to enable participating businesses to invest £55m in energy saving projects which would deliver them energy savings of almost £130m.
Applications can be submitted at any time.