27 Apr 2011 12:04:08
Low carbon finance scheme from Carbon Trust goes live
A share of a £550m fund is now available for businesses to help finance energy efficiency projects.
Businesses can now apply for a share of a £550m fund created by the Carbon Trust and Siemens to help companies install energy efficient and low carbon technologies. The low carbon finance scheme was made public last month, but it opens for applications from organisations today, and is expected to boost green growth and unlock business investment in the low carbon economy, which is believed to be key to the UK’s economic recovery.
The new dedicated low carbon finance scheme will enable UK businesses to invest in cost effective energy efficiency equipment or other low carbon technologies, such as new efficient lighting, cavity wall insulations and biomass heating.
Siemens Financial Services Ltd in UK (SFS UK) is to provide £550m over the next three years to low carbon projects estimated by the Carbon Trust to have sufficient carbon, energy and cost savings to pay for themselves through lower energy bills, making the low carbon finance scheme essentially a private sector variation on the government's Green Deal programme.
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