Presentation on theme: "Energy Efficiency Loans from the Carbon Trust. The Carbon Trust is about making business sense of climate change Set up by Government in 2001 as part."— Presentation transcript:
Energy Efficiency Loans from the Carbon Trust
The Carbon Trust is about making business sense of climate change Set up by Government in 2001 as part of the UK Climate Change Programme to deliver public policy goals using private sector skills and drive. Our mission is to accelerate the transition to a low carbon economy by helping organisations reduce their carbon emissions and develop commercial low carbon technologies “The Carbon Trust will take the lead on low carbon technology and innovation in this country and put Britain in the lead internationally” The Prime Minister, October 2000
Interest Free Loans from Carbon Trust Available to SMEs – < 250 employees – < £35m (50m Euros) turnover – < £30m (43m Euros) assets – max 25% non-SME controlling interest Interest free loans of £5,000 to £100,000 available for energy efficiency projects showing payback of less than 5 years Loan repayable over maximum of 4 years
Interest Free Loans from Carbon Trust Small and Medium Enterprises (SMEs) in England & Wales Providing they have: – been trading for at least 12 months – an acceptable credit rating Explanation of current exemptions to the Energy-Efficiency Loans Scheme: – Agricultural sector – any enterprise active in the primary production of agricultural products is generally excluded. However enterprises involved in the processing and marketing of agricultural produce are generally acceptable unless their business is preparing animal or plant produce for the first sale. Such enterprises would also be excluded if the benefit of the loan is passed on to primary producers.
Interest Free Loans from Carbon Trust – Export Related sector - if the loan will support export related activities and is directly linked to the quantities exported, to the establishment and operation of a distribution network, or to other current expenditure linked to the export activity. – Transport sector – we can not provide loans to enterprises, whose core business is road freight transport, for the acquisition of transport vehicles. – Fisheries and Aquaculture sectors - we are generally unable to make loans to enterprises in these sectors. – Coal sector - enterprises active in this sector are not eligible
Interest Free Loans from Carbon Trust Any energy saving project may qualify. Full loan if payback <5 years If payback >5 years – loan capped at 5 times the annual saving Plus carbon threshold – The project must save >0.7 tonnes per £1,000 of loan. Payback based on: – energy savings only – all project costs can be included
Interest Free Loans from Carbon Trust Contact Details Ewan Addison Supplier Account Manager North Tel Mark Brewin Supplier Account Manager Midlands Tel David Puttick Supplier Account Manager South Tel Will Fellows – Loan Supplier Marketing Manager