Loans and Grants for Business

Green Finance Deals for businesses

A joint partnership between the Carbon Trust and Siemens to provide UK businesses with green equipment finance worth up to £550 million over the next three years has been announced.

This major new deal will boost green growth and unlock business investment in the low carbon economy – key to the UK’s recovery. The new dedicated low carbon finance scheme is a first and will enable UK businesses to invest in cost effective energy efficiency equipment or other low carbon technologies, such as new efficient lighting and biomass heating.

All businesses will be able to apply for new green growth finance from the scheme from 4 April 2011. Under a Heads of Agreement signed between the two parties Siemens Financial Services Ltd. in the UK (SFS UK) will provide the financial backing and manage the provision of funding and the Carbon Trust will use its expertise in carbon saving from energy efficient technologies to assess the carbon, energy and cost savings of any application. This will enable the financing to pay for itself through energy savings.

Find further information here or give us a phone to discuss.

Enhanced Capital Allowances

Give yourself a break – investing in energy-saving equipment does more than just save your business money. It’s often more tax efficient.

Enhanced Capital Allowances (ECAs) are a straightforward way for your business to improve its cash flow through accelerated tax relief. The ECA scheme for energy-saving technologies encourages businesses to invest in energy-saving plant or machinery specified on the Energy Technology List (ETL) which is managed by the Carbon Trust on behalf of Government.

The ECA scheme provides businesses with 100% first year tax relief on their qualifying capital expenditure. The ETL specifies the energy-savng technologies that are included in the ECA scheme. The scheme allows businesses to write off the whole cost of the equipment, including installation costs, against taxable profits in the year of purchase. This can provide a cash flow boost and an incentive to invest in energy-saving equipment which normally carries a price premium when compared to less efficient alternatives.

Contact us for further information or visit the Carbon Trust website here.

Loans and Grants for Householders and Landlords

Please see our Domestic Heating section for full information.