Funding boost for small business energy-saving

The Carbon Trust have announced major changes are being made to it’s £100 million business loan scheme, which will offer more assistance to small businesses and entrepreneurs in funding energy saving initiatives.

The trust will relax its eligibility criteria for interest-free green loans, cutting the minimum loan amount from £5,000 to £3,000, while doubling the maximum amount available to £50,000.

It is hoped that the changes will encourage many more small businesses to invest in energy-saving technology, as well as in renewable energy technology such as solar panels and miniature wind turbines.

Carbon Trust chief executive Tom Delay announced: “Our zero per cent loan offer is as close to free money as a business can get, and is flexible enough to help almost any small or medium business, from a fish and chip shop to a factory.

“We are extending a helping hand to them by offering more than £100 million in interest-free, unsecured loans at a time when bank funding is hard to come by.”

At the same time, the organisation has announced that it has reached an agreement that will see its ‘carbon labels’ for consumer products introduced across Australia.

Share with others...