Purpose
The scheme aims to provide financial assistance in the form of interest free loans to SME’s who intend to install measures in the business premises in order to improve the environmental impact, and lower its carbon footprint. The improvements which are supported by the scheme cover various renewable energy generation as well as energy efficiency improvements.
Overview
The Small and Medium-sized Enterprise (SME) Loan Scheme is aimed at providing loan funding for Scottish businesses that fall within the EU definition of Small and Medium-sized Enterprise (SME), not-for-profit organisations and charities.
Use of Funds
Energy efficiency measures eligible for 75% cash back:
1. Heating, ventilation and air conditioning: warm-air units, radiant heating units, under-floor heating, air curtains, cooling system replacement/upgrade, heating and cooling controls, building management systems, heat recovery units, high efficiency fans (destratification, ventilation system fans etc.), commercial hot water systems, electric storage heaters
1. Heating, ventilation and air conditioning: warm-air units, radiant heating units, under-floor heating, air curtains, cooling system replacement/upgrade, heating and cooling controls, building management systems, heat recovery units, high efficiency fans (destratification, ventilation system fans etc.), commercial hot water systems, electric storage heaters
2. Building fabric: cavity wall insulation, loft insulation, flat roof insulation, internal wall insulation, external wall insulation, draught proofing, floor insulation, heating system insulation, (cylinder, pipes etc), high performance external and internal doors, high performance window coverings, double glazing, secondary glazing
3. Other equipment: measuring, monitoring and control equipment, lighting systems, fitting and controls, voltage optimization, variable speed drives, energy efficient motors and controls, air compressors, commercial cooking and baking equipment, commercial cleaning equipment (e.g.
washing machines, dryers, dishwashers), commercial fridge and freezer units, multi-glazed refrigeration doors/covers, high efficiency hand dryers, IT equipment, swimming, pool covers, bitumen storage tank
Renewables systems eligible for 75% cashback: air source heat pump, ground source heat pump, water source heat pump, biomass boiler (solid biomass/solid biomass contained in waste), solar thermal, air conditioning units/air to air source heat pumps
Systems not eligible for cashback (interest free loan only): wind turbine, micro-hydro system, biomass room heaters (with radiators), combined heat & power with biomass, anaerobic digestion, gas condensing boiler, gas boiler burner management or replacement, combined heat & power (CHP) with gas
Additional Disclosures
There are a number of commercial lenders providing loans, for example for energy efficiency measures and renewable technologies. It is expected that all applicants investigate these prior to application to this scheme. All businesses applying to this scheme must have a report from Business Energy Scotland.
Applications are processed on a rolling basis all year round, subject to the overall availability of loan and grant funds. We reserve the right in consultation with the Scottish Government to suspend or reject preliminary assessments of applications on the basis that there are insufficient funds available in any financial year to provide loans or grants to all applicants.
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