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Carbon Trust 0% Interest Loans in Great Britain

Submitted by Baerbel Epp on September 30, 2009

The UK Carbon Trust is now focusing only on Wales and Northern Ireland with its interest-free loans for Small and Medium Businesses. The scheme was eligible also for England and Scottland in the past, however was stopped in March 2011 in these two states.

Country

Wales and Northern Ireland
Name of programme  

Carbon Trust Interest Free Loans

Type of incentive  

Loan

Eligible technologies  

Any project that can demonstrate energy saving in excess of the C02 threshold of 1.50 tCO2 per 1,000 Pound Sterling (GBP) of loan.

Among the eligible technologies are solar thermal systems, heat recovery, building insulation and pipe insulation.

Applicable sectors  

Small and medium businesses that are:

  • Fewer than 250 full time or equivanlent emplyees
  • An annual turnover not exceeding EUR 50 million (approximately Pound Sterling (GBP)) and/or assets not exceeding EUR 43 million (approximately GBP 36.5 million) 
  • No controlling interest of more than 25 % by a non-SME
Excluded sectors  

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
Minimum loan  

3,000 GBP

Amount / maximum loan

100,000 GBP

Terms of loan  

The 0 % interest loan
Requirements for system  

GBP 1,000 of loan for every 1.5 tCO2 saved per annum for a project. 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.   

Finance provider  

Carbon Trust

Total funds  

100 million GBP

Effective date  

2003 accross the UK, however was stopped March 2011 in Scottland and England
Expiration date  

n/a

Last review of this tabloid  

February 2013
How to apply

Via the website   

Website  

http://www.carbontrust.com/client-services/wales/loans-eligibility

http://www.carbontrust.com/client-services/northern-ireland/loans-eligibility

 

Effective Date: 
April 1, 2005
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