Resource Efficient Scotland Loan Scheme
Tuesday 2 June 2015
The 2015/16 Resource Efficient Scotland Loan Scheme has opened for applications.
Could your business take advantage of an unsecured, interest free loan from £1,000 to £100,000?
Resource Efficient Scotland loans are funded by the Scottish Government to help businesses reduce costs through improved energy, material resource and/or water efficiency.
• Available to Scottish SMEs (as defined by EC), private sector landlords, not-for-profit organisations and charities.
• Loans are available from £1,000 to £100,000.
• Loans are interest free (unless you are applying for a renewable technology and will receive Feed-in Tariff or Renewable Heat Incentive, in which case the interest rate is 5 per cent).
• No set up charges.
• Investment can be set against capital allowances and some technologies are also eligible for Enhanced Capital Allowances (See: Energy Technology List).
• Act fast - applications are awarded subject to the ongoing availability of loan funds.
Application Forms must be supported by a qualifying report which can be carried out by Business Gateway Fife’s own Low Carbon Business Adviser, Zoe Stirton. To contact Zoe, please call 01592 858333 or email zstirton@gmail.com
Further information can also be found at www.resourceefficientscotland.com
A wide range of measures can be the subject of a loan application. Last year, the top 7 projects were:
1. Installation of a new biomass boiler to provide low cost heat
2. Upgrading to energy efficient lighting to lower energy bills
3. Upgrading to energy efficient heating systems to lower energy bills
4. Insulating premises to reduce heating costs
5. Installation of solar PV to generate cheap, green electricity from sunlight
6. Upgrading glazing to reduce heating costs
7. Voltage optimisation to reduce energy costs
Would like to implement a similar project in your organisation? Do you think a loan could support another resource efficiency project in your organisation? Contact Zoe to find out more.