Eligible small and medium-sized businesses (SMEs) can apply for an interest-free*, unsecured SME Loan for £1,000 up to £100,000, from the Scottish Government to pay for energy efficient upgrades.
Top reasons to take out the SME Loan, today
- Reap the benefits of reduced energy costs through investment in energy efficient measures
- Increase your competitiveness
- Drive business growth
- Reduce your carbon footprint
- The SME Loan is interest-free, unsecured and now has an eight-year payback period
- Free independent assessment to help plan projects and support the loan application
- Dedicated advisors are on hand to guide you through every step of the process
Projects your business can fund with the SME Loan
There are numerous projects (eligible measures) which are listed in the Important Information document. Here are just a few examples of energy efficiency projects that are eligible for SME Loan funding;
- LED lighting
- Energy efficient heating systems
- Building insulation
- Energy efficient equipment for your daily office, manufacturing, retail or production processes
Contact us to help you with your SME loan application
Don’t miss out on funding. To date we have supported more than a thousand projects. Call 0808 808 2268 today. One of our team of dedicated advisors will arrange for your free energy opportunities assessment and support you with your loan application – every step of the way. If you prefer email or go online for more information.
How North Merchiston Club are set to save £1,000 a year with boiler upgrades.
“Our old boilers were over 30 years old which caused major problems for the club when they kept breaking down in the typically harsh Scottish winter. We were losing money and club members as parts of the building became unusable, so we urgently needed to upgrade our equipment. Economising on gas and electricity is a priority for the club so we formed an energy group to tackle the problem and decided to apply for SME Loans from the service.
“The installation of the new boilers, which is the second phase of our energy saving programme, is estimated to save almost £1,000 a year on gas bills which could make a huge difference for us. The cashback offer and loan also made it easier for us to install the boilers and added insulation sooner.
“This club has been serving the community since the 1920s and the loan has helped us keep our doors open for our 45 different groups to make the best use of our facilities, gym and café. I would encourage more small businesses to take advantage of what’s on offer because fixing problems and upgrading equipment is only going to benefit your business in the long term.”
Catherine Lowe, Centre Manager of North Merchiston Club.
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