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Green Business Fund to help businesses!

The Carbon Trust

The Carbon Trust Green Business Fund (GBF) has now been operating across Great Britain for over a year. In this time, the scheme has proven to be immensely popular delivering advice and guidance to well over 1,000 SMEs. It has also provided non-repayable financial support for the implementation of over 250 energy saving measures, with a combined total project value of around £8 million.

Due to the success of the scheme to date, we are currently experiencing exceptionally high levels of demand. As a result, we have chosen to change the upper limit of the capital contribution offer as we try to maximise the energy efficiency benefits for as many SMEs as possible. Businesses can now access 15% of the total project cost for energy efficiency equipment upgrades and refurbishments – up to a maximum of £5,000*.

The changes to the offer took effect at 5pm on Wednesday 9th August 2017 and the offer (as amended) remains open to qualifying SMEs in England, Scotland and Wales while funds last. As well as being entitled to apply for the non-repayable capital contribution mentioned above, qualifying businesses are still entitled to seek the following support at no cost:

  • Energy survey for your business

o   Our Energy Saving Opportunity Assessment service can be conducted on site or remotely depending on the complexity of your operation

o   The Opportunity Assessment provides a report that outlines:

  • The major opportunities for energy saving that have been identified for your business
  • How much money you can save with equipment upgrades
  • How much investment is required and the payback period on the investment
  • The reduced payback period once the Capital Contribution is taken into account
  • Energy Saving Equipment Implementation Advice

o   The Green Business Fund from the Carbon trust can also help you to decide which suppliers are most suitable to deliver your project. Not only will this advice help to smooth the installation process and ensure that the expected savings are delivered, it will also give you peace of mind that you have chosen the best partner to work with.

o   We have a Green Business Directory of Carbon Trust accredited energy efficient equipment suppliers that we can help you search and aid you in selecting appropriate companies to brief. We will assist you with the writing of your procurement brief too and support you in reviewing supplier responses, providing further guidance and advice where needed.

o   Our implementation support is only available for companies with up to 1,000 employees and is planned to be available into 2019 on a first-come, first-served basis

  • Virtual Energy Manager

o   This is a modular support programme for businesses looking to embed good energy management practices into their business

o   Support is provided remotely on a monthly basis through scheduled calls, webinars and email exchanges over an agreed period of time. The programme includes the following 6 modules:

  • How to implement energy policy
  • How to develop an energy plan
  • Best practice data tracking
  • How to set reduction targets
  • Engaging employees
  • Next steps for successful energy management

If you are interested in making an application to the Green Business Fund for any the above listed services, please contact our team on 020 7832 4773 or send an email to greenbusiness@carbontrust.com.

Capital Contribution Criteria – KEY TERMS

Availability

Funding from the Green Business Fund is limited and will be disbursed on a first come first served basis.

The Customer

In order to be eligible for receipt of Capital Contribution from the Green Business Fund, you must meet the Customer Criteria.  This means your business must be trading in England, Scotland or Wales and meet the definition of a small or medium enterprise (SME), specifically:

You must represent and warrant to us that:

(a) your business in not located in Northern Ireland;

(b) your business meet at least two of the following criteria:

(i) it has no more than 250 employees

(ii) your annual turnover does  not exceed £25.9 million; or

(iii) your annual balance sheet total assets do not exceed £12.9 million

and you also represent and warrant that not more than 25% of your shares or voting rights are owned by an entity or person which does not itself meet at least two of these criteria;

For the avoidance of doubt, the Capital Contribution is not available to organisations which fall within the public sector.

The Project

In order to receive a Capital Contribution your project must meet the following criteria:

The project must comprise installation of equipment or technology which delivers on-site fossil fuel use savings, by either replacing existing equipment with a more energy efficient alternative, or by investing in renewable technologies to displace a fossil fuel use, and which provides a project pay-back within 5 years from installation.

Your project should be delivered by an Accredited Supplier, this means a supplier who is listed on the Green Business Directory, the Carbon Trust’s directory of Accredited Suppliers, located at https://wwwcarbontrust.com/resources/green-business-directory/

Payment

Your Capital Contribution is paid on a reimbursement basis.  Before you receive your Capital Contribution, you will be required to submit to us a copy of a certificate from the Accredited Supplier, who should be named in the final invoice(s) which you must also submit.  The commissioning certificate must be signed by both you and the Accredited Supplier in a form acceptable to us and confirm that the relevant equipment has been installed and commissioned and is ready for full operation.  You will be required to submit your commissioning certificate to us together with a photograph of the installation, within 7 days of the equipment being commissioned.

 

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