The Carbon Trust has launched a new fund worth £7 million for SME’s in the UK. Small businesses in the UK can now apply for the money to improve the energy efficiency of equipment and will be available up to the value of £10,000. This can cover the costs of up to 15% of a project, which can also be changing a buildings lighting to a more energy efficient alternative such as LED’s.
The fund will be on a first come first served basis and businesses are encouraged to get their applications to The Carbon Trust as soon as possible with the opening date a week ago on the 18th of April 2016. It has been predicted that only between 1000 and 2000 businesses will be accepted for the fund, with double this number expected to apply.
The Carbon Trust believes between 20% and 30% savings on energy are a reasonable expectation when a company takes action on their energy efficiency. Almost half of SME’s in the UK had previously said they were concerned about the energy costs to their business, therefore a 20%-30% reduction would come as a huge relief.