THE Carbon Trust and Siemens Financial Services have launched a new scheme to enable UK manufacturers to invest in a range of energy efficient technologies including air conditioning and refrigeration equipment.
Research carried out by the Carbon Trust and Siemens has shown that the estimated market for energy-efficient equipment finance over the next three years in the manufacturing sector is £4.6 billion.
The new scheme is designed to 'boost green growth and unlock business investment in the low carbon economy'.
Energy Efficiency Financing is available for a wide variety of projects (assuming they meet Carbon Trust Implementation Services’ energy saving assessment criteria). 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.
Any business is able to apply for new green growth finance from the scheme, which is designed to match monthly payments with the equivalent savings from lower energy consumption. Many types of will be considered for financing, including renewables, with each project assessed on its potential to deliver energy savings.
Myles McCarthy, general manager of Carbon Trust Implementation Services, commented: 'The introductory few weeks of the new scheme have shown that there is a huge desire among British business to invest in energy efficient equipment. Up to now, a missing ingredient has been access to affordable finance to enable business to make those green investments. This new major finance facility - which matches monthly payments to real monthly energy cost savings - will improve business competitiveness, cut carbon and boost the green growth.'
Any business wishing to apply to the scheme for energy-efficient equipment finance, or any equipment supplier wishing to offer the scheme to its customers, should visit:
http://www.energyefficiencyfinancing.co.uk
