Making Business Sense of Climate Change You may be eligible for an interest free ‘energy-efficiency’ loan from The Carbon Trust towards the cost of your BOGE Energy Saving Solutions! Contact BOGE today Tel: +44 (0)

Energy-Efficiency Loans from the Carbon Trust

Programmes include: Energy surveys & support Commercial development of low-carbon technology Financial products The Carbon Trust An independent company funded by Government Works with UK business & public sector to cut.carbon dioxide emissions

The Carbon Trust - Financial products Energy Technology List (ECA Scheme) –PRODUCT focussed –results in a tax advantage Energy-Efficiency Loans –Energy PROJECT based –results in the end-user receiving interest free loan –not limited to ETL products

Energy-Efficiency Loans in context... Five interest rate increases during past …12 months !! Energy prices increased by 30-40% …since Oct !!

Energy-Efficiency Loans To encourage end-user investment in energy efficiency projects. Key features: £5,000 min to £100,000 max 0% Interest No other fees Unsecured Repayment period matches project payback

Who’s eligible? Small and Medium Enterprises (SMEs) in England Wales & N Ireland (Over 2 Million in UK) Providing they have: A trading history of at least 12 months An acceptable credit rating No involvement in agriculture & fisheries, transport and export related activities

What is an SME? (Over 2 Million in UK) An enterprise with: Fewer than 250 employees Less than €40m (~£25m) turnover or €27m (~£17m) assets Not more than 25% of the capital or voting rights owned by a non-SME

Energy saving projects Qualify if savings payback the loan within 5 years –Installation costs can be included –Based on energy savings only If payback >5 years the loan is capped at 5 times the annual saving Carbon threshold 0.39 tonnes carbon per £1,000 loan

Energy-Efficiency Loans - example Project Cost £120,000 Estimated saving £30,000/annum Therefore Project payback 4 years Potential Loan £100,000 (subject to credit check) Loan repayment period 48 months

Energy-Efficiency Loans - example Project Cost £50,000 Estimated saving £9,000/annum Therefore Project payback 5.5 years Loan capped at 5*£9,000 = £45,000 Loan repayment period 48 months Loan repayment £11,250/annum

Energy-Efficiency Loans - example Project Cost £40,000 Estimated saving £15,000/annum Therefore Project payback 2.7 years Potential Loan £40,000 Loan repayment period 36 months Loan repayment £13,350/annum

Energy-Efficiency Loans - example Project Cost £10,000 Estimated saving £6,000/annum Therefore Project payback 1.6 years Potential Loan £10,000 Loan repayment period 24 months

The benefits to you Makes it easier for your to invest in energy efficiency projects –overcomes capital cost barrier Creates an environmental benefit –energy savings means lower carbon dioxide emissions

Loan offers can be made in 2 weeks from receipt of a complete application The loans procedure Customer Eligibility check list Straightforward application form Energy saving assessment & quotation from you Customer provides Accounts info’ for credit check Each application is vetted - energy & carbon saving Some projects will be audited post completion

Making Business Sense of Climate Change You may be eligible for an interest free ‘energy-efficiency’ loan from The Carbon Trust towards the cost of your BOGE Energy Saving Solutions! Contact BOGE today Tel: +44 (0)