Some assistance with funding for energy efficient projects is available, details below of some schemes we are aware of. Eligibility is determined on a case by case basis by the funding organisation.
The Enhanced Capital Allowance scheme for energy-saving technologies
Enhanced Capital Allowances (ECAs) are a straightforward way for a business to improve its cash flow through accelerated tax relief. The ECA Scheme for Energy Saving Technologies encourages businesses to invest in energy-saving plant or machinery specified on the Energy Technology List (ETL) which is managed by the Carbon Trust on behalf of Government. The ECA scheme allows businesses to write off the whole cost of the equipment against taxable profits in the year of purchase. This can provide a cash flow boost and an incentive to invest in energy-saving equipment which normally carries a price premium when compared to less efficient alternatives. The ETL specifies the energy-saving technologies that are included in the ECA scheme.
LED white lighting is listed on the ETL and therefore any installation involving this technology in UK is eligible for ECA tax assistance providing it meets certain performance criteria
Business Energy Efficiency Cambridge and Peterborough (BEECP)
The BEECP programme provides free support to eligible organisations in the Greater Cambridge and Greater Peterborough Local Enterprise Partnership area to help them become more energy efficient. BEECP can offer your business access to a range of funded services including onsite energy reviews, grant support for energy efficiency projects and specialist technical consultancy such as feasibility studies.
BEECP has a pot of funding from the European Regional Development Fund (ERDF) to enable eligible small and medium sized businesses to invest in capital projects and implement energy efficiency measures. The maximum grant available is £20,000 or 25% of eligible project costs (whichever is the smaller), the minimum grant offer is £1,000.
To find out more about the grants and what types of project are eligible for support, click here
Find out how we can support you today, call 01733 882544 or email email@example.com