The Carbon Trust has launched a new Green Business Fund, which has been made available to SMEs and will offer energy saving training, cost saving assessments, implementation advice, and capital support for the installation of energy efficiency equipment.
The £7m fund is available on a first come-first served basis and is looking to support between 1000 to 2000 smaller businesses across the England, Scotland and Wales.
It is expected to enable participating businesses to invest £55m in energy saving projects which would deliver them lifetime energy savings of almost £130m. The programme will focus on high quality implementation to ensure the best energy efficiency opportunities are fully realised.
The new fund encourages companies to replace old energy hungry equipment, improve energy efficient lighting and heating, as well as installing Ventilation and Air Conditioning (HVAC) and energy efficiency controls – vital across a range of business sectors, including manufacturing, retail, and hospitality.
Hugh Jones, Managing Director, Advisory, at the Carbon Trust says:
“Our experience of working with thousands of companies across the UK indicates that year-on-year savings of 20% to 30% can be delivered through action on energy efficiency. We’d encourage smaller companies to apply to make the most of the fund on offer in order to realise significant savings on their bottom line.”
To find out more about the Green Business Fund, visit the Carbon Trust website.
The Green Business Fund launches on Monday 18th April 2016.