Carbon Trust ‘Green Business Fund’

The Carbon Trust ‘Green Business Fund’

Is your energy efficiency project eligible for a non-repayable grant of £750 to £10,000?

If you’ve got a project that can reduce the energy that your company uses then it may be eligible for a contribution of £750 to £10,000 towards the capital costs and it doesn’t have to be repaid.

We’ve summarized the requirements below:

Who can apply?

To be eligible your business must meet at least two of the following conditions;

  1. No more than 250 employees;
  2. Annual turnover not in excess of £25.9m; or
  3. Annual balance sheet not in excess of £12.9m

In addition, not more than 25% of the business must be owned by an entity that does not meet these criteria. Franchises are also eligible providing they have a different registered company number and are a separate legal entity to their managing partnership.

How much money can I get?

The fund will provide a minimum of £750 and a maximum of £10,000 or 30% of the total eligible capital costs of the project, whichever comes first.

What types of project are eligible?

Most projects can be considered for support if they reduce consumption of fossil fuel energy. Case studies on the Carbon Trust website include LED lights, HVAC projects, new beer coolers, heating controls, compressed air upgrades and energy monitoring systems.

Your project must involve replacing equipment you currently own with energy efficient equipment where the savings can be clearly defined.

Projects where the payback period on energy savings is within 5 years are preferred. Where energy savings will pay back in over 5 years, the funding will be restricted to the contribution on the first five years’ worth of energy savings.

CBEN can confirm with the Carbon Trust that your project is eligible for funding.

Can I use my own suppliers and installers?

To obtain funding, the equipment must be purchased from a Carbon Trust Green Business Directory registered supplier or BESA supplier.

You can use your own contractor to install the equipment but this must be agreed with the Carbon Trust as part of the application process.

What steps do I need to take now?

The fund applies to projects that are ‘investor ready’. This means that the following steps must be complete before you apply for funding:

  1. The energy savings must be assessed and verified. CBEN can help with this.
  2. The specification for the work must be written and ready to send to suppliers and installers. CBEN can help with this.
  3. A timetable for implementation is agreed.
  4. The funding for the entire project must be agreed and available.

Once these steps are complete the on-line application process involves the following steps;

  1. Provide details of your organisation.
  2. Provide details of the project.
  3. Provide an agreed price for the entire project.
  4. Submit details of the accredited suppliers that will be used.
  5. Submit a detailed assessment of the energy savings that will be achieved.
  6. Provide quotes from accredited suppliers and your preferred installers.
  7. Submit details of your capital contribution to the project.
  8. Provide the Carbon Trust with your bank details
  9. Provide any additional information required by the Carbon Trust.

Applicants will receive a response from the Carbon Trust within 10 working days. If successful, the project must be completed within three months of the approval date.

The Carbon Trust contribution will be paid on completion and commissioning of the project. Applicants must cover the full capital cost and then claim their grant.

Contact CBEN to arrange a no obligation consultation about your project. CBEN can guide you through the application process and manage the project installation.

Contact us on 01228 549602 or via our website enquiry form.

New generation night storage heaters

Anyone with old night storage heaters will know how quickly they can discharge their heat, leaving you feeling cold in the afternoon. A solution may be in the offing.

A company called Vcharge, now owned by OVO, have developed a way of controlling heat output to keep buildings at a comfortable and constant temperature and reduce overall energy consumption. See the link below. This technology has been rolled out in America and a small trial in the UK. OVO are promising to roll out in the rest of the UK in due course.

Three hotels take part in trial project

Three Cumbrian hotels have taken part in a project run by CBEN to compare their energy consumption and tariffs. The project began with current Green at Heart member The Cottage in the Wood, Braithwaite, who were concerned about high energy tariff charges.

Fellow Lake District hotels Ravenstone Lodge, Bassenthwaite and The Edwardene Hotel, Keswick joined in the project to compare energy consumption as all three hotels are of a similar size.

The project was designed to highlight the differences that energy suppliers charge businesses and the influence that business owners have on the rates that they pay. Detailed energy profiles were created for each hotel based on electricity consumption monitored during the project and compared between the participants.

Althought The Edwardene is using slightly less energy overall and has a much smaller baseload than The Cottage in the Wood and Ravenstone Lodge it is still paying the same tariff as The Cottage in the Wood, which actually had the highest consumption. However, The Edwardene has no daily standing charge to pay, compared to the other two hotels which are paying 22.5p and 37p per day. Tariffs between The Edwardene and The Cottage in the Wood are similar; both paying 11p per unit but Ravenstone Lodge is paying nearly 15p per unit.

This indicates that consumption is not necessarily linked to the tariff provided by energy suppliers and is always worth checking and negotiating before signing up to lengthy contracts.

New Service Packages

CBEN have streamlined their services to offer greater value for money to clients. Green at Heart members are now being given an opportunity to choose their support package, from Standard, Enhanced and Advanced based on their level of need for assistance.

The packages offer an increasing level of on-site support as well as update phone calls, additional monitoring of resources and reporting provided by CBEN in order to meet their Action Plan goals.

Many businesses are already seeking higher levels of support from the CBEN team in order to work on projects and verify savings made from previous environmental improvements.

If your business could benefit from some additional support please get in touch to see how we can help.

CBEN team begins work at Eden Brow

CBEN team begins work at Eden Brow on the Settle to Carlisle Railway. Working with Story Contracting Ltd and Network Rail, CBEN will be acting as Environmental Advisor on the project.

The reconstruction of the railway section which collapsed during the December 2015 floods has been restored and was reopened with an appearance by The Flying Scotsman steam locomotive on 31st March 2017. The following remediation work of the riverbank is due to begin in May and will continue for six months.

This is an exciting project for CBEN which takes us in a new direction. CBEN Partner Philip Wanless has 25 years’ experience in the construction industry it is a change to use some existing knowledge combined with the teams combined experience in auditing and environmental consultancy.

More updates on this project will follow as work continues on site in the coming months.