UK: Carbon Trust offers soft loans for efficiency overhaul

edie.net (Oct 27 2009) Geothermal , Wind

1. The Carbon Trust is offering expert guidance and £100m in interest-free loans to companies prepared to do away with old, power-hungry equipment and replace it with modern energy-efficient equivalents. The Big Business Refit scrappage scheme, fronted by Theo Paphitis, is offering SMEs up to £400,000 each in unsecured, interest-free loans to replace ageing machinery. At a time when banks are tightening the purse strings, the accessible capital can be mana from heaven for businesses keen to cut costs and improve infrastructure. The repayments are scaled to match the predicted savings from the energy bill, so the up-front costs for the companies taking advantage of the offer are minimal. This week edie visited Stewart Company, a manufacturer in Croydon that is the first firm to take advantage of the full £400,000 loan available to each outfit. (Read Full Article)

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