Carbon Trust Interest Free Loans
The Carbon Trust’s goal is to make businesses more energy efficient with 0% loans. Air conditioning can be funded with a loan from the Carbon Trust to make your business energy efficient. Call Sovereign to find out if you are eligible for the scheme.
Don’t make the mistake of assuming that you’re going to have to pay out an excess of money to install a new air conditioning system, or pay heavy interest on a bank loan.
Loans are available through your financial institutions, but keep in mind that the Carbon Trust offers an interest-free loan to businesses with the aim of keeping the planet more energy efficient, which could also cut your business costs.
Energy Efficiency Financing from the Carbon Trust and Siemens Financial Services is one way of upgrading your business without it being too costly. The scheme helps you to cut the costs of your business and save energy thus benefiting the planet.
The financing can be arranged from £1,000 upwards with the repayments calculated by the anticipated monthly savings your company will make on energy bills. This means that you could replace an existing, ageing air conditioning system or many other inefficient pieces of equipment, and get a new one with potentially no costs to you.
Once the loan is repaid, your business will then have the benefit of having lower energy bills and a new air conditioning system. To qualify for the financing, you need to have been trading in the UK for at least 36 months and the business is subject to a standard credit assessment.
Why not call Sovereign now to find out more on Freephone 0800 243 638 for more information.
What is the Carbon Trust?
The Carbon Trust is an independent, non-profit company, set up by the government to work with UK business and the public sector to reduce carbon emissions.
They partner with businesses, organisations and governments around the world to help them lead the way to a more sustainable future. From setting the strategic direction, footprinting and target setting, to energy systems and climate action plans, their independent experts will help you navigate the risks and opportunities of climate change.
Why should you upgrade to more energy-efficient equipment?
The obvious answer is that energy efficiency equals lower costs but there are other reasons too. Being more sustainable is a major advantage as it can modernise production and as a result attract new clients and customers. Going green, for example, can show that you care about those you’re working with and become part of positive publicity for your company.
You will have to invest in your new air conditioning system but you’ll be part of a growing number of businesses converting to renewable energy.
The benefits:
● Your business can acquire the latest equipment, effectively paid for with the monthly energy savings that it produces.
● Suppliers of energy efficient equipment can grow their market.
● Reduced carbon emissions help to mitigate the long-term impacts of climate change.
How long will I have to pay back the loan?
You’ll get a maximum of four years but the monthly repayments are worked out so that they’ll be covered by the savings you’ll make. Once the loan is paid off the savings will continue but will go directly to the company.
Which companies are eligible for the loans?
● SMEs, defined as companies with fewer than 250 full time employees and with less than €50 million in turnover (approximately £43m) or less than €43 million in assets (approximately £37m).
● Larger businesses that don’t fall under the Carbon Reduction Commitment should now also qualify for a loan – this typically equates to those that spend less than £500,000 a year on electricity.
Click on the link to the Carbon Trust web site to learn more – http://www.carbontrust.co.uk/