Funding news - 09/02/2012
Additional Small Business Loans for Energy Projects in Scotland
£2.5 million of additional funding has been made available by the Scottish Government in the shape of interest free loans to small companies to install renewable energy technologies.
Energy Saving Scotland's Small Business Loan scheme provides interest free loans of up to £100,000 to assist in saving energy and installing renewable energy technologies.
More than 100 small and medium-sized enterprises have taken loans worth £2.5 million in 2011/12, which is the most in any one year since the inception of the scheme in 2008, with lifetime energy savings estimated at 30,000 Megawatt hours.
Speaking at the Scottish Energy and Environment Conference in Ayr, Energy Minister Fergus Ewing commented:
"The small business loans scheme goes from strength to strength and is helping SMEs across Scotland cut energy costs, increase their competitiveness and help Scotland go low carbon. Thanks to new funding of £2.5 million, even more small businesses will now be able to use interest free loans to become more energy efficient and cut costs. And businesses choosing to install small scale renewables technologies will not only have their own green energy supply, they will be able to receive payment for supplying electricity to the national grid. This scheme is a vital part of the Government's Economic Strategy to make Scotland a truly low carbon economy, and there has never been a better time for business to make that transition.2
For further information click here (link opens in new window).
Source: scotland.gov.uk, 07/02/12