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Funding environmental improvements for your business
A new grant scheme to run until 2013, and available across Wales, to provide support for micro-businesses, SMEs and social enterprises to install wood-fuelled heating systems.
Three types of project are eligible for grant support:
* Wood fuel heating systems;
* Small scale electricity generation using wood - Combined Heat and Power (CHP)
* Wood fuel supply businesses - Enabling high quality equipment and fuel supply chains to be developed.
With the scheduled introduction of the Renewable Heat Incentives in 2011 this is definitely worth a look for anyone considering installing a wood fuelled system.
Your first call for information on starting or running a business. Flexible Support for Business is an impartial, free, and confidential business information service in Wales providing information on business support and specific business management information, including funding options and business training opportunities to existing businesses and individuals thinking of starting a business.
Local Investment Fund
This scheme is aimed at existing and new small and medium size businesses in Conwy, Gwynedd and Anglesey to stimulate business activity.
Eligible projects could receive capital grants of up to 40% of the total project cost, subject to minimum of £1,000 and a maximum of £5,000 grant.
Form more information contact;
Anglesey - 01248 752480
Conwy - 01492 574525
Denbighshire - 01824 708063
Gwynedd - 01286 679231
Carbon Trust Interest Free Loans
0% business loans of £3,000 - £500,000 are available from the Carbon Trust to help organisations finance and invest in energy saving projects.
* Anticipated energy savings offset the loan repayments. So new equipment should pay for itself and you should continue to make savings year on year
* The loans are government funded and unsecured
* A straightforward and fast application process with no arrangement fees
* You’ll receive a conditional offer within 24 hours of your application being processed
* Loans can be repaid over a period of up to 4 years
* You can track the progress of your application online
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 provides businesses with 100% first year tax relief on their qualifying capital expenditure. The ETL specifies the energy-saving technologies that are included in the ECA scheme. The 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.
Micro Loans
If you are you running a business or starting a small business and are in need of a loan between £1,000 and £10,000 its worth looking at the Micro Loans available from Finance Wales. This might provide a suitable means of funding environmental improvements.
Finance Wales lends money to small businesses throughout Wales, including sole traders and partnerships, and have local people based in local offices who can guide you through the application process.
Their interest rate is fixed and they don’t charge any administration or application fees, you can get your money in as little as 10 days.
All you have to do is send us your completed application form and, in some circumstances, a summary business plan.
Renewable Energy Loans
Finance Wales provides renewable energy loans to businesses wishing to develop renewable energy projects.
Their loans are broad ranging and encompass all aspects of renewable energy technologies for both heat and electricity production. This includes businesses wishing to take advantage of the benefits of renewable energy devices in their current organisations and those in the renewable energy sector. They are offered at commercial rates and can be used to match-fund other sources of financing.
Examples of potential projects includes the installation of renewable energy devices including; Biomass Boilers, Solar Panels, Photovoltaic, Thermal, Anaerobic Digesters, CHP Units
Conwy Supporting Business Grant
A discretionary scheme to support the growth of Conwy businesses.
If you run a business or social enterprise in Conwy County, you might be eligible to apply for a grant for up to £1,000.
Whether your enterprise is new or established this grant can help with the purchase of capital equipment, marketing materials or even specialist training.
To find out if your project is eligible please contact
The Business Support Team - 01492 574525
or
Flexible Support for Business 01492 574550.