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Carbon Trust expands interest-free loans
July 1st 2009

The Carbon Trust is to improve access for small and medium businesses to more than Ł100m in interest-free and unsecured loans. The move is intended to help more businesses survive the recession by cutting both their energy costs and their carbon footprints.

Thousands of small businesses have already slashed their annual energy bills, some by as much as 75%, by installing new energy-saving equipment paid for by Governmentfunded Carbon Trust loans.

Now the Carbon Trust has extended eligibility for the recentlyexpanded loan fund. The minimum loan amount has been lowered to just Ł3000, putting the loans within reach of micro-businesses; the upper limit has been doubled to Ł400,000 to meet the needs of small and medium businesses with high energy spends, such as manufacturing companies.

In most cases, businesses taking a Carbon Trust loan to update equipment find the savings they make on energy bills exceed the cost of the loan repayments. They benefit from new equipment, increased efficiency and reduced running costs, all at no expense to themselves.

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