Energy Efficiency Financing Scheme

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Energy Efficiency Financing Scheme

Coverage: Blackburn with Darwen, Blackpool, Burnley, Chorley, Fylde, Hyndburn, Lancaster, Pendle, Pennine Lancashire, Preston, Ribble Valley, Rossendale, South Ribble, West Lancashire, Wyre,

Finance Type: Energy Efficiency, Environmental,

Funding for UK businesses to invest in cost effective energy efficiency equipment and other low carbon technologies, such as new efficient lighting and biomass heating. The scheme is designed to provide flexible financing options to all types of organisations seeking to lower their energy costs and make their operations more efficient.

Energy Efficiency Financing can fund a wide variety of costs. Projects that may qualify include building technologies, such as pipe insulation and air conditioning, or industrial process technologies, including compressed air, refrigeration or specialist production equipment. The financing may also be used to fund combined projects, such as replacing heating and lighting. A full list of eligible costs is provided in the table below:

Building Technologies Industrial Process Technologies
Heating and Cooling Motors & Compressed air fittings
Heating controls Materials handling equipment
Building insulation Power factor correction
Heat recovery Process heating
Lighting Process controls
Pipe insulation Refrigeration
Renewable Energy Systems Variable speed drives

Installation can be covered, however this would be dependent on the proportion of installation to equipment and the finance product:

  • the installation is to be carried out by a third party organisation that has provided a written quotation for the work; and
  • the estimated carbon savings resulting from the project exceed the carbon-saving threshold associated with the total cost of the equipment plus installation.

Funding: Min £1000 with no upper limits. Equipment that has already been installed cannot be funded retrospectively.

Type of Funding: Grant

Project Timeframe - Expiry Date: Tuesday 1st April 2014

Eligibility: The scheme is available to all kinds of businesses and organisations operating in the UK, from sole traders and partnerships through to large corporate enterprises, local authorities, charities and public sector organisations.

Disclaimer: The information above was accurate at the time of publishing. This is a constantly evolving directory and we will amend the details as and when required. Regenerate Pennine Lancashire is not responsible for the accuracy of external information.

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