The Carbon Trust has announced that it is launching a new fund providing vital capital for smaller businesses to replace old, energy-inefficient equipment, together with expert advice to boost the efficiency and productivity of businesses in England, Scotland and Wales.

The £7m fund has been made available to SMEs on a first come-first served basis, and will offer energy saving training, cost saving assessments, implementation advice, and capital support for the installation of energy efficiency equipment.  Eligible companies can apply for a capital contribution to cover up to 15% of an energy efficiency project or equipment replacement cost, up to a maximum of £10,000.The fund can also be used to purchase a range of equipment, including energy efficient lighting, Heating, Ventilation and Air Conditioning (HVAC) and energy efficiency controls – vital equipment across a range of business sectors, including manufacturing, retail, and hospitality.The scheme is expected to support 1,000-2,000 smaller businesses across 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.

For more information and to apply click here.

Written by Stephen Gorton