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Eligibility 

introduction Eligibility How to apply Filling in the application After applying

Call us now for help with completing your application: 01865 885 850
 
 

For more information, download our PDF to find out if your business may qualify.

0% business loans are available to organisations who fulfill the following criteria:

Eligible companies

  • Private sector organisations can apply for a loan. Public sector organisations are not eligible for loans
  • Trading for at least 12 months
  • All Small or Medium-sized Enterprises (SME)

 

The EU definition of an SME is an organisation with:

  • Fewer than 250 full time or equivalent employees
  • An annual turnover not exceeding €50m (approximately £42.5m) and assets not exceeding €43m (approximately £36.5m)
  • No controlling interest of more than 25% by a non-SME

 

EU rules on state aid mean we are not normally able to offer business loans for the acquisition or adaptation of vehicles, or to organisations involved in agricultural or fisheries products (production, processing, or marketing prior to the first sale), or export-related activities. However farmers in England can apply for a business loan of up to £20,000. For more information call our Loans Advice Team on 01865 885846.

 

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How much can be borrowed?

Business loans are available from £3,000 - £100,000. The size of the loan offered and its repayment period will be based on the projected CO2 savings of a project, which will be assessed by the Carbon Trust.

Farmers in England can apply for a loan of between £3,000 and £20,000.

To see how much a project could save, try our Loan Calculator New window (excel, 43kb).

Multiple loans are available up to the maximum loan amount.

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Which projects qualify?

We can give £1,000 of loan for every 2.5 tCO2 saved per annum for a project.

Many types of project will be considered, provided they meet the on-site fossil fuel saving requirement. Examples of just some of the projects that could qualify include the following:

Building Technologies Industrial Process Technologies
Air conditioning Compressed air fittings
Heating Motors
Heating controls Materials handling equipment
Building insulation Power factor correction
Heat recovery Process heating
Lighting Process controls
Pipe insulation Refrigeration
Solar thermal systems Variable speed drives

There are many more types of projects that will be considered for a loan, including renewables. Each project will be assessed on its potential to deliver real energy savings, and we will also need to carry out a credit check. Call our loans team on 01865 885 850 if you are unsure about whether your project will qualify.

Technical support is available for more complex projects. Call 01865 885 850 now to speak to our Loans Team.

If you don't have a specific upgrade in mind, our on-site Carbon Surveys can help you to identify potential energy saving projects.

Further information required for  Power Factor Correction, Biomass Heating and Spraybooth projects

If you are requesting a loan to fund a power factor correction, biomass heating or spraybooth project, please complete and submit the following with your applicaiton:

Applicant PFC Energy Saving Survey (excel, 24 kb)
Biomass Heating Energy Saving Calculator (excel, 105 kb)
Spraybooths Energy Saving Calculator (excel, 162 kb)

 
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