Sustainable development
Financial support
In addition to the benefits which you will reap from being energy efficient, your business may qualify for funding to help finance energy efficiency measures.
Business Link|
Business Link can give advice on ways to cut the cost of going green, and they have an online grants and support directory to help you find sources of funding.
Enhanced Capital Allowances (ECAs)|
The Enhanced Capital Allowances (ECA) scheme enables your organisation to claim 100% first-year capital allowances on eligible plant and machinery, providing your business pays Corporation Tax or Income Tax. There are three schemes under the ECA:
- energy-saving plant and machinery
- low-emission cars, and natural gas and hydrogen refueling infrastructure
- water conservation plant and machinery.
Businesses may write off the whole of the capital cost of their investment in these technologies against their taxable profits in the period during which they make the investment.
Future Energy Yorkshire|
Provides a ‘funding decision tree’ to navigate through regional, national and European sources of funding for your new/renewable energy project.
Green Grants Machine|
Free directory on grants, loans and awards available to help businesses go green and save on energy bills.
The new Feed-in Tariff (FIT) scheme, sometimes referred to as ‘Clean Energy Cashback’, is available through licensed electricity suppliers. The scheme is intended to encourage the uptake of small-scale low carbon technologies up to 5MW, through tariff payments made on both generation and export of produced renewable energy.
The Carbon Trust|
The Carbon Trust offer energy efficiency loans to SMEs that have been trading for at least 12 months, loans are from from £1,000 all unsecured and repayable over 5 years for most projects. New technologies can be supported through the Carbon Trust's Entrepreneur Fast Track Fund for innovative technologies aimed at the UK market. More information is available on the Carbon Trust website or by telephone: 0800 085 2005.
