Pontypridd’s Bunch of Grapes, owned by Otley Ltd, has reduced its energy bills by around £8,000 a year thanks to an interest-free loan from the Carbon Trust, and is encouraging other small businesses in Wales to do the same.
Pontypridd’s Bunch of Grapes, owned by Otley Ltd, has reduced its energy bills by around £8,000 a year thanks to an interest-free loan from Carbon Trust, and is encouraging other small businesses in Wales to do the same.
The Bunch of Grapes has been part of the social history of the town for more than 160 years, but has now firmly moved into the 21st century with the addition of solar panels to heat its water. Together with a new central heating system, funded by the interest-free loan from Carbon Trust Wales, the pub is saving over £650 a month in heating bills.
Carbon Trust energy efficiency loans of up to £200,000 are available to small and medium-sized businesses in Wales wanting to reduce their carbon footprint by installing more efficient equipment and technologies.
Businesses must have fewer than 250 employees to qualify and the size of the loan offered is based on the evaluated CO2 savings of a project, which will be assessed by the Carbon Trust. A range of industrial process and building-based projects will be considered, such as energy-efficient lighting, heating and pipe-insulation.
For me it was simple - the new systems were installed to save money. That it’s helping the environment too is a bonus. I had an interest-free loan from Carbon Trust Wales and the money I’m saving on bills means it’s paid for itself.
Nick Otley, Landlord of The Bunch of Grapes
Many small and medium-sized businesses are under the illusion that because their energy bills are already low compared to larger organisations they won’t see the benefits of increased energy efficiency, but this isn’t the case. Addressing areas such as heating and lighting can lead to real savings on monthly energy bills, which can be crucial for smaller businesses.
Eligibility and availability of loans are subject to Terms and Conditions. For more details please see the Energy Efficiency Loan Fund page.