Carbon Trust 0% Interest Loans in Great Britain
Submitted by Baerbel Epp on September 30, 2009The 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:
|
| 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
Contact:
