The loan that costs nothing
Loan limits have recently been increased and amounts of between £3,000 and £500,000 are now available. The loans are available to small or medium-sized enterprises (SMEs) in England and Scotland, or all businesses in Wales that have been trading for at least 12 months. In addition, all businesses based in Northern Ireland that have also been trading for at least 12 months may be eligible to apply for an unsecured interest free loan.
| To establish the loan value, the Carbon Trust will assess the amount of CO2 that will be saved as a result of investing in the energy saving equipment. Amongst others schools, hospitals, local authorities, universities and central government departments will be able to save money and reduce their carbon emissions by taking up the new loans, which the Carbon Trust has made available via Salix Finance. |  |
Impact can provide details of Carbon Trust interest-free loans and assist you in completing your application. We will also help you secure a loan as we have a close working relationship with the Carbon Trust.
ECA Energy Scheme
Enhanced Capital Allowances (ECAs) enable a business in the United Kingdom to claim 100% first-year capital allowances on their spending on qualifying plant and machinery, including energy efficiency and low-carbon technologies.
Businesses can write off the whole of the capital cost of their investment in these technologies against their taxable profits of the period during which they make the investment. The Government introduced the ECA scheme in 2001 to encourage businesses to invest in low carbon, energy-saving equipment.
There are three ECA schemes which provide enhanced tax relief for spending on equipment which has environmental benefits: energy-saving equipment, water-efficient equipment and low carbon dioxide emission cars.
To find out more details and the qualification criteria for ECA visit:
http://www.eca.gov.uk/