Great news for green-conscious, efficiency-focused SMEs
t has been a turbulent few weeks and, like many others, I have been keeping a keen eye on the political and financial developments dominating our news. So, this week I thought it might be good to put aside all the speculation and uncertainty for a while and to shout about some out-and-out GOOD NEWS that one of my customers informed me of recently.
The Carbon Trust is launching the Green Business Fund
Many small businesses today are concerned with the ever increasing cost of their energy expenses. In fact, a recent study confirmed that close to 40% of SMEs are eager to take action towards improving their energy efficiency. For most this is an ambition driven by commercial reasons (reducing cost and increasing efficiency). For others, they are simply keen to be green. Good intentions, however, are rarely enough to make a difference!
Whether it is wanting to reduce cost, to be kinder to the environment or maybe even a mixture of both the barrier to being able to take the appropriate action is often the upfront investment. Add to that the limited options for affordable energy efficient systems and equipment in today’s market, and many companies start to lose hope.
A new opportunity for green energy funding!
The new Green Business Fund initiative, being launched by The Carbon Trust, is tackling the problem of lack of funds for the initial investment. They have also appointed a number of accredited suppliers who are capable of supplying the right kind of solutions.
This new fund, of around £7m, is available to all SMEs across England, Scotland and Wales, and will be allocated on a simple first-come-first-served basis. Hopefully, this will be the first of many such projects, but in the meantime here are the key facts you need to know to be in with a shout of winning some funding from this one.
Green Business Fund highlights:
*This information was provided by one of my customers, Chalmor Limited, who are a Carbon Trust approved and accredited supplier (based in Bedfordshire), and are experts in energy saving lighting and heating solutions.
Cost saving assessments, energy saving training, implementation advice, and monetary support for the installation of energy efficient equipment
All eligible companies can apply for a capital contribution of 15% of the total project cost, up to a maximum of £10,000
Companies can use the fund to buy energy efficient lighting, HVAC (Heating, Ventilation and Air Conditioning) and other energy efficiency controls
The minimum value of the project must be £10,000
All equipment must be purchased from an accredited Green Business Directory Supplier (such as Chalmor)
The predicted ‘Return on Investment’ must be less than five years
The project has to be completed within 90 days from the date of the initial application
If you would like more information about The Green Business Fund, or some help applying for funding for your dream energy efficiency project, Chalmor would be very happy to assist. You can contact them here: Chalmor Limited