The Green Business Fund, administered by the Carbon Trust, provides a non-refundable capital contribution to cover 15% of project costs, up to £5,000 towards the cost of energy efficiency measures such as LED lighting upgrades and solar PV.
But .... the fund is finite and latest forecasts suggest that it will run out in Autumn 2018. If you are considering implementing a lighting upgrade project, or installing solar PV, and want to benefit from the £5,000 giveaway.. it really is now or never.....
The Green Business Fund is open to SMEs (definition below) in England, Scotland and Wales, whilst funding lasts.
It is also open to maintained state schools and private schools.
The fund has already paid out non-repayable capital contributions supporting a total of £9 million of energy saving investments.
Spirit is an accredited supplier for the funding. If you think your business could benefit, please get in touch.
LED lighting upgrades
LED lighting upgrades typically have a payback time of 2-5 years. It is therefore not surprising that lighting upgrades are soaking up the bulk of the finance. The biggest savings (up to 70%) tend to be made in warehouses where metal halide high bay lights burn energy (and can present a fire risk).... but offices and schools can also cut their lighting bills by 50%.
Back of Envelope LED Payback Calculator
You can work out how much you could save by upgrading your lighting to LED by using our payback calculator. Simply plug in the number and type of non-LED fittings you have, and the calculator will do the rest:
Online LED Calculator
Eligibility criteria - SME definition
Note that the school or SME must be located in England, Scotland or Wales (and for us to install, must be within a 60 mile radius of Reading, but there are other installers to cover other areas). It must have no more than 250 employees and, for a business, its turnover must be less than £25.9 million per annum, with net assets below £12.9 million.