Interest-free loans from the Carbon Trust

How does this scheme work?

The zero-percent loans are intended to help businesses purchase energy-saving equipment.   The energy saving is calculated and the loan repayments are designed to be equal to or less than the saving made by the new equipment – essentially providing a free upgrade.
Is my company eligible?

If your company doesn’t fall under the CRC Energy Efficiency Scheme (generally speaking if you don’t spend £500,000 a year on electricity) then you will probably be entitled to a zero interest loan.

What sort of equipment is eligible?

Any equipment or improvement that saves enough energy can be considered.  Each application will be checked by the Carbon Trust to verify the energy savings.

How much can we borrow?

The minimum loan value is £3,000 – the maximum is £400,000.

What is the repayment period?

The energy saving equipment must have a payback period of four years or less, this is the maximum period over which the loan must be repaid.

I am snowed under with work, can I spare the time for this?

As authorised suppliers under this scheme, we can apply for loans on behalf of our customers.  We will work with you to help ensure that the loan application goes through as quickly and as smoothly as possible.

How long does it take?

A properly completed application can be turned round in just ten days.

What is the catch?

There really isn’t any catch – the scheme is designed to help you upgrade your equipment to help the government meet its carbon reduction targets without affecting your cash flow.