SME Loan Fund for Resource Efficiency (Scotland)

Summary

The Resource Efficient Scotland SME loan scheme offers interest free loans of between £1,000 and £100,000 to eligible businesses, private sector landlords, not-for-profit organisations and charities, to help them to save businesses money while reducing their carbon emissions. The loans can be used to help fund a range of carbon reducing measures such as upgraded lighting, improved insulation, biomass boiler installation, the purchase of more energy-efficient equipment and projects to reduce the use of water and other raw materials. 

Funding Details

Loans of between £1000 and £100,000 are available. Loans for non-renewable measures will be interest free repayable over four years. Renewable measures are repaid over eight years and if feed in Tariffs (FITs) or the Renewable Heat Incentive (RHI) will be claimed then the interest rate may be 5%.

Who Can Apply

The scheme is aimed at Scottish businesses that fall within the EC definition of Small and Medium-sized Enterprise (SME), private sector landlords, not-for-profit organisations and charities. It is expected that businesses investigate commercial lenders prior to application to this scheme.