"In Wales we now have interest free loans for non-SME’s. Loans are available for between £5k and £100k for projects with a simple payback of fewer than 5 years (subject to a Carbon Saving Threshold). A limited ‘pot’ of money is currently available, projects would need to be committed by March ’07 and will be allocated on a ‘1st come 1st served basis’. It is an unsecured, interest free loan and repayable over a period of up to 4 years.

Energy-Efficiency Loans are intended to encourage qualifying companies to invest in energy saving equipment that either upgrades or replaces existing facilities. Examples of the type of equipment that can be supported include:

• Energy saving lighting
• High efficiency electric motors and drives
• Boilers and heater controls
• Building insulation
• Compressed air systems and fittings
• Insulation for boilers, hot water tanks, and pipe work
• Heat recovery systems
• Lighting controls

Note also that the loan may be used to cover, for example, installation and commissioning as well as the capital cost of the equipment provided the payback criteria are still met.

You can register your interest and request an application pack from our helpline – 0800 085 2005."

Labels: funding