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Eligibility 

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Call us now for help with completing your application: 01865 885 850
 
 
Eligible companies
How much can be borrowed?
Which projects qualify?

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

Eligible companies

  • Private sector
  • Trading for at least 12 months
  • For project sites based in England, Wales and Scotland:
    • All Small or Medium-sized Enterprises (SME)
    • Larger businesses can also apply if they do not qualify for participation in the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme
  • For project sites based in Northern Ireland, any sized enterprise

 

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 £43m) and/or assets not exceeding €43m (approximately £37m)
  • No controlling interest of more than 25% by a non-SME

 

As a guideline, the CRC Energy Efficiency Scheme typically includes businesses with an annual electricity spend greater than £500,000.

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 - £500,000. 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.

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Which projects qualify?

We can give £1,000 of loan for every 1.5 tCO2 saved per annum from a project. Examples could include one or more of the following (although many more types of project will be considered):

Building Technologies Industrial Process Technologies
Air conditioning Compressed air fittings
Boilers and heating controls Motors
Boiler and hot water tank information Materials handling equipment
Building insulation Power factor correction
Heat recovery Process heating
Lighting Process controls
Pipe insulation Refrigeration
Solar thermal systems Variable speed drives

Each project will be assessed on its potential to deliver real energy savings. We will also need to carry out a credit check. 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:

Power Factor Correction Calculator (xls, 150 kb)
Standard on-site Energy Assessment for Biomass Heating (xls, 134 kb)
Standard on-site Energy Assessment for Spraybooths (xls, 163 kb)

Watch our quick and easy guide to which businesses are eligible for a 0% business loan below.
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