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Carbon Trust Offers Welsh Businesses Interest Free Loans

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The Carbon Trust offers interest free, unsecured loans to small and medium sized businesses in Wales who wish to upgrade to more energy efficient equipment and renewables such as lighting, heating, air-conditioning, refrigeration, solar PV and biomass.

Loans are available from £3,000 to £200,000. The size of the loan offered will be based on the projected CO2 savings of a project, which will be assessed by the Carbon Trust. Multiple loans are available up to the maximum loan amount.

Your company could be eligible if it has:

  • Fewer than 250 full time or equivalent employees.
  • An annual turnover not exceeding €50 million (approximately £42.5 million) and/or assets not exceeding €43 million (approximately £36.5 million).
  • No controlling interest of more than 25% by a non-SME.
  • A good credit history.
  • Has been trading for 3 years (if unincorporated) or 1 year (if incorporated).

Larger businesses are not eligible for interest free loans but may be eligible the Carbon Trust’s Implementation and Finance service. This service can help businesses put cost-saving energy efficiency strategies into practice, with leases, loans, finance and implementation support to make energy efficiency easy.

For more information and to apply for a loan visit the Carbon Trust website.

The Carbon Trust also offers energy saving support through their Green Business Fund.