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Carbon Trust launches £0.5bn green finance scheme

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Working in partnership with asset finance provider Siemens Financial Services, the Carbon Trust has announced a £550m green equipment finance scheme.

Starting from April, and over the next three years, the scheme will finance businesses looking to invest in energy-efficient and low-carbon equipment, such as new efficient lighting or biomass heating.

The good news? It should pay for itself (hopefully). The idea is that the savings gained from the more energy-efficient equipment will offset the financing costs, so it shouldn’t cost you a penny in the long-run.

The scheme is open to all UK businesses – not just those playing in the green/renewables sector. Businesses signing up to the scheme will receive expert advice from the Carbon Trust on energy-efficient technologies and how to maximise cost savings, while Siemens will provide the asset finance.

Business groups welcomed the new scheme. Miles Templeman, director-general of the Institute of Directors, says: “In today’s high energy cost environment, improving energy efficiency is a must for all businesses. The new energy efficiency finance scheme could play a significant role in stimulating innovative solutions.”

Tom Delay, CEO of the Carbon Trust, adds: “Driving green growth in the UK is key to our economic recovery. A missing ingredient at present is access to affordable finance to enable business to make green investments. This new major finance facility will improve business competitiveness, cut carbon and boost green growth.”

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