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BUSINESS OWNERS

Business Owner Loans

Loans of up to £100,000 are available to help you pay for energy and carbon-saving upgrades in your business. Plus you could also receive a cashback grant of up to £30,000.

WHAT CAN THE LOAN BE USED FOR?

To finance the installation of energy-efficient systems, equipment or building fabric, including:

  • Heating, ventilation, and air conditioning upgrades.
  • Renewable heat technologies such as installing an air source heat pump.
  • Improving insulation, draught-proofing, double or secondary glazing.
  • Installing LED lighting.
  • Installing solar panels, wind turbines and wood-burning stoves.

The loan from Business Energy Scotland must be used for any of the above measures.

IS MY BUSINESS ELIGIBLE?

Additionally, the loan is available to Scottish businesses that fall within the EU definition of small and medium-sized enterprises (SME's), not-for-profit organisations, and charities.

Applications for an SME Loan must be accompanied by a qualifying report. Business Energy Scotland’s free energy efficiency or renewable assessments are qualifying reports.

For full information on eligibility criteria. Please vsiit the Business Energy Scotland website CLICK HERE or visit https://businessenergyscotland.org/

Business Energy Scotland

WILL I GET A CASHBACK GRANT?

If you are an SME and installing eligible equipment, you could receive a cashback grant of up to £30,000 for your business.

  • Energy efficiency measure. 75% of eligible costs. Up to a maximum of £20,000.
  • Range of renewable heat measures (heat pumps, biomass boilers and solar thermal). 75% of eligible costs. Up to a maximum of £10,000.

Please follow the link below for further guidance at Business Energy Scotland:

https://businessenergyscotland.org/wp-content/uploads/2022/11/SME-Loan-Fund-important-information.pdf

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