Government Aid for Funding Projects

 

The Enhanced Capital Allowance Scheme

The Energy Technology List (ETL), is a government list of nearly 17,000 energy saving products, designed to encourage businesses to invest in energy saving equipment. Companies that purchase products listed on the ETL can claim up to a 100% Enhanced Capital Allowance (tax relief). The Enhanced Capital Allowance scheme allows businesses to write off the whole cost of the equipment against taxable profits in the year of purchase. Key criteria for eligibility:

  • Products must be listed in the Energy Technology List

For full details visit https://www.carbontrust.com/resources/faqs/services/energy-technology-list

 

Salix Finance

Salix Finance Ltd provides five-year interest-free loans to the public sector in order to help improve their energy efficiency and reduce carbon emissions, as well as their energy costs. Salix is funded by the Department for Business, Energy and Industrial Strategy, the Department for Education and the Welsh and Scottish Governments.

The business was established in 2004 as an independent, publicly funded company, dedicated to supplying the public sector with funding for their energy efficiency projects. For more information visit Salix Finance. Key criteria for eligibility:

  • The project must pay for itself from energy savings within a maximum 5 year period (projects exceeding this can be part funded)
  • The cost of CO2 must be less than £120 per tonne over the lifetime of the project

For full details visit https://www.salixfinance.co.uk/loans

 

The Green Business Fund

The Carbon Trust Green Business Fund is the new energy efficiency scheme for small to medium sized businesses in England, Wales and Scotland. The scheme provides energy assessments, training workshops, equipment procurement support and a financial contribution of up to £5,000 towards your energy saving lighting system. Key criteria for eligibility:

  • Your business should be a small to medium sized enterprise
  • Your business should be based in England, Scotland or Wales.

For full details visit https://www.carbontrust.com/client-services/programmes/green-business-fund/

 

Low Carbon Across the South East (LoCASE)

The Low Carbon Across the South East (LoCASE) programme is supported by the European Regional Development Fund to provide a free business support programme in the South East. Its aim is to help businesses become more competitive and profitable while protecting the environment and encouraging low carbon solutions. LoCASE provides grants for businesses of up to £20,000 as well as training workshops and fully funded events. Key criteria for eligibility:

  • Your business should be a small to medium sized enterprise
  • Your business should be based in the South East
  • Your business must not have received more than approximately £180,000 of state aid in the last three years
  • Your business should be registered and operating in the counties of Kent, Essex, or East Sussex.

For full details visit http://locase.co.uk