A £5 million scheme to help firms become more energy
efficient was launched in September 2013.
Firms will be able to apply for funding of £25,000 to
£250,000 to finance projects using technology involving biomass,
wind turbines and solar photovoltaic cells.
Finance will also be available to businesses looking to
make more simple energy efficiencies, for example by upgrading
lighting or insulation.
The cost of funding will depend on a range of factors, including
the size and term of the loan, the type of equipment being
installed and the creditworthiness of the business.
The ReEnergise SmartEnergy Finance fund is a tie-up between
financial services provider ReEnergise Finance and private equity
fund manager SI Capital.
The Fund will target businesses that want to improve their
energy efficiency or invest in renewables but have been hampered by
finding appropriate finance or independent advice. The Fund
should appeal to a broad cross-section of businesses but it expects
to see most interest from energy intensive manufacturing or process
businesses, landowners including agricultural and Estates Managers,
schools, care homes, leisure centres and hotels.
For further information and to apply, see Re-Energise Finance,
click here to
access.