04 Mar 2011 09:03:09
Carbon Trust and Siemens to offer green business funding
Siemens and the Carbon Trust have joined forces to launch a new low carbon business finance scheme.
Up to £550 million is to be made available over the next three years under the programme, which from April 4th will be seeking applications from any UK firm.
The funding can be used for investment in energy-efficient equipment or low carbon technologies. Proposals will be assessed based on their potential CO2
savings, reduction in energy usage and cost effectiveness.
Tom Delay, chief executive of the Carbon Trust, said: "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."
The move was also welcomed by the Institute of Directors and Greenpeace.
In addition, the pair have announced they are embarking on a venture to support businesses looking to acquire energy-efficient equipment on a larger scale, due to be launched later in the year.
To date, the Carbon Trust claims to have helped its customers save 29.5 million tonnes in CO2
and £2.6 billion in energy costs.