The Carbon Trust and Siemens have launched a scheme to provide UK businesses with green equipment finance worth up to £550 million over the next three years.
This major new deal will boost green growth and unlock business investment in the low carbon economy – key to the UK’s recovery. The new dedicated low carbon finance scheme is a first and will enable UK businesses to invest in cost effective energy efficiency equipment or other low carbon technologies, such as new efficient lighting and biomass heating.
All businesses will be able to apply for new green growth finance from the scheme from 1 April 2011. Under a Heads of Agreement signed between the two parties Siemens Financial Services Ltd. in UK (SFS UK) will provide the financial backing and manage the provision of funding and the Carbon Trust will use its expertise in carbon saving from energy efficient technologies to assess the carbon, energy and cost savings of any application. This will enable the financing to pay for itself through energy savings, resulting in no net cost to the customer.
Tom Delay, chief executive of the Carbon Trust, commented: “Driving green growth in the UK is key to our economic recovery. A missing ingredient at present is access to affordable finance to enable business to make green investments. This new major finance facility will improve business competitiveness, cut carbon and boost green growth.”http://www.carbontrust.co.uk/news/news/newsletter/pages/2011-02-loans-partnership.aspx