Loan Action Scotland working to provide the solution to a greener Scotland:
As Energy Saving Week kicks off, there couldn't be a better time to review your energy bills and identify areas that can be improved on. Loan Action Scotland and the Energy Saving Trust are working together to provide free energy audits and necessary capital to help green your business.
Loan Action Scotland provides the necessary capital for investments in energy saving measures - alleviating one of the biggest deterrents for SMEs in their pursuit to become more energy efficient. Over the past eight years Loan Action Scotland has aided over 200 companies to purchase and install energy-saving technologies, enabling them to reduce their CO2 emissions and considerably reduce their annual energy spend. For these companies, the energy savings made during the loan period have been easily sufficient to return the initial capital.
Becoming more energy efficient can improve the profitability, economic sustainability and profitability of your business. Andrew Warren, Director of the Association for the Conservation of Energy highlighted this point in a recent article; "Using energy more efficiently is the fastest and most cost-effective way of cutting carbon dioxide emissions. It can also improve productivity, and can contribute to the security of our energy supplies, by reducing our reliance upon imported energy."
Businesses can apply for a loan between £5,000 and £100,000 interest-free and repayable up to 4 years. Loan Action Scotland is available for small and medium sized companies and can be used in order to support the installation of new energy saving measures. To be eligible the company must have been trading for at least 12 months, have fewer than 250 employees and a turnover less than £35 million.
Loan Action Scotland is supported with finance from the Scottish Government and the East of Scotland European Partnership (ESEP).
For more information on the loan visit http://www.thebep.org.uk/las or call 0131 651 6270. Alternatively, contact your local Energy Saving Trust business adviser on 0845 458 5040 or visit http://www.energy-efficiency.org
Probably we don't want a loan, but maybe worth getting the free energy audit? (We've had a couple before but who knows - we might learn something new...)