Interest free loans from Carbon Trust
The majority of WTBS supplied equipment and services can be considered for an interest free non secured loan funded entirely form the Carbon Trust.
W.T. Building Services are account holders with the Carbon Trust and can apply for interest free non secured loans on behalf of our clients.
WTBS do all the hard work, we qualify and complete the full application. Click here to view online form on Carbon trust website
The whole process usually takes around 3 weeks for approval.
Repayment is based on the payback period of the project which effectively makes the whole project cost free.
How much can you borrow and for how long?
The value of the loan offered will depend on the amount and type of energy saved. Different energy sources release different amounts of CO2 into the atmosphere as they are consumed (this is called the CO2 intensity). The CO2 intensity affects the value of the loan that the Carbon Trust will offer. To help you work out how much you could borrow, you can use the online loan calculator
What sort of energy saving equipment is eligible?
Any equipment that saves enough energy can be considered. Examples are the installation of replacement lighting, boilers, or larger-scale refurbishments of steam generating plant. Each application is individually assessed on the basis of its energy savings and the technology involved.
A Government-backed scheme
The Carbon Trust is an independent, not for profit company set up by the Government to work with UK business and the public sector to cut carbon emissions through practical advice and support. The interest free loan scheme is one important way in which we are encouraging investment in energy efficiency to reduce CO2 emissions.
What companies are eligible?
Small or medium-sized enterprises (SMEs) in England, Scotland, Wales and Northern Ireland can borrow from £3,000 to £400,000. SMEs are defined as companies with fewer than 250 full time employees and with less than €50 million in turnover (approximately £43m) or less than €43 million in assets (approximately £37m). In addition, larger businesses that do not qualify for participation in the Carbon Reduction Commitment are eligible for a loan. As a guideline, this typically includes businesses with an annual electricity spend of less than £500,000. In Northern Ireland and Wales all enterprises could borrow from £3,000 to £400,000. All enterprises need to have been trading for at least 12 months.
State Aid Restrictions
Companies operating in primary agricultural, fisheries and aquacultural, transport, coal or export-related activities are not eligible.
For more information contact a member of our team