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ARTICLE · 03 MAY 2011

Finance Scheme For Green Business

MacRoberts
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A new green finance initiative, backed by the Carbon Trust in partnership with Siemens Financial Services, providing a fund worth £550 million to UK based businesses for the installation of low carbon and energy efficient technologies opened for applications on 26 April 2011.

United KingdomEnergy and Natural Resources
Nick Jones
Nick Jones
Andrew Orr
Andrew Orr
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A new green finance initiative, backed by the Carbon Trust in partnership with Siemens Financial Services, providing a fund worth £550 million to UK based businesses for the installation of low carbon and energy efficient technologies opened for applications on 26 April 2011.

The scheme is the first dedicated low carbon private finance initiative in the UK and aims to provide finance for energy efficient 'green' equipment to businesses over the next 3 years. Financing of £1000 upwards will be provided from Siemens Financial Services to eligible businesses to spend on any equipment or measures meeting the scheme's energy-saving criteria based on a cost, energy and carbon saving assessment carried out by the Carbon Trust. Repayments will be calculated so as to be offset by the resulting anticipated energy savings; the financing option is designed to pay for itself.

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