Interest-free loans for energy efficiency and renewable energy projects in Wales
The Carbon Trust can help small and medium-sized enterprises (SMEs) in Wales to fund new energy efficiency and renewable energy projects with interest-free loans of between £3,000 and £200,000. And thanks to recent scheme changes eligible businesses can now access more interest free funding for every tonne of CO2 their project can save.
Loans are subject to eligibility criteria. Other terms and conditions also apply.
See our guide ‘Steps to Success (PDF)’ for full details on eligibility criteria, qualifying technologies, and how to apply.
Loans are available for a wide range of energy saving projects, including heating, cooling, lighting and solar PV, amongst many others. There are no set-up or administration fees. It only takes 15 minutes to apply and if successful, we can process your application within 10 working days.
Interested? Our online application form is quick and easy to complete, and the Loans Team are available to provide assistance Monday to Friday on 028 9073 4398.
In a time when banks seem unwilling to lend to SMEs, the Carbon Trust proved an enthusiastic and knowledgeable partner to help us achieve our environmental targets.
Richard Haigh, Capital Valley Plastics
The team at the Carbon Trust was very efficient and friendly to work with, and were understanding of the challenges of our project timetable. The loan has enabled the Trust to avoid grant funding and therefore qualify for the Renewable Heat Incentive, which will be a significant help towards the running costs of the new biomass system.
Ran Foster-Mason, Aberglasney Restoration Trust
If you haven’t yet selected an equipment supplier for your project, try our Green Business Directory for a list of accredited suppliers working in your area. Please note that it is your responsibility to select and be satisfied with a supplier’s expertise, standing, reliability and competence. We also suggest that you seek a variety of quotes from different suppliers from which to select the most appropriate offer.
P&A wanted to install a new central heating system to improve conditions for employees based in offices and warehouses across the site. The new heating system was financed thanks to an interest-free loan from the Carbon Trust, which is projected to save the business over £20,000 a year.
A 0% business loan enabled Highfield Hall Hotel, a Grade II listed building in Northrop, North Wales, to upgrade to a new biomass boiler. Before, they struggled to heat the hotel, and could not justify opening all year round. The annual savings amount to £12,000 and 100 tonnes CO2.
Cohesive upgraded their heating and lighting with the help of a Carbon Trust 0% APR Business Loan, to reduce their energy costs, cut carbon emissions and ultimately, keep their office warm and safe. Annual savings amounts to £2,000 and 8 tonnes CO2.
You must be a privately funded business in Wales, operating in a sector permissible under de
minimis state aid regulations that has been trading for at least 12 months as an incorporated
company and filed its first year’s trading accounts with Companies House, or traded for a minimum
of 36 months as an unincorporated business.
The loan amount is based on the project's energy savings, rather than cost, so additional finance may sometimes be required.
If you have secured grant funding, the maximum loan amount we could provide is the net project cost less the grant funding.
You can use company funds, or other unsecured lending.
We do not permit other finance to be secured on the equipment, if you are considering additional finance please contact us to discuss.
Applications are submitted online, and if all the supporting documentation provided is correct, we can issue a loan offer within ten working days - often quicker - subject to availability of funds.
Welsh loans are funded from the Carbon Trust reserves.
The repayment term is based on the amount borrowed divided by the anticipated annual monetary savings. This is then rounded up to the next full year, to a maximum 4 year repayment term. Monthly repayments commence after commissioning.
We do not make supplier recommendations for your project. You are free to choose your own supplier. However, you must ensure you choose a supplier who can implement the project to your satisfaction. If you are having difficulty identifying a suitable supplier, you may wish to consider using one of the Carbon Trust's Accredited Suppliers who are listed on our Green Business Directory.
No. Our agreement is with you, and it is crucial that you complete the online application form, and are aware of the terms and conditions associated with it.
There isn't one. The loans are unsecured, interest free, with no arrangement fees.
The Carbon Trust is authorised and regulated by the Financial Conduct Authority for consumer credit. The Carbon Trust is a company limited by guarantee, registered in England and Wales (number 04190230) with its registered at 4th Floor, Dorset House, 27-45 Stamford Street, London, SE1 9NT.