UK Businesses and Organisations get Energy Efficiency Financing

RESEARCH shows that UK businesses and organisations want to improve their energy efficiency but are often deterred by the current lack of financil support from banks and the economic climate.

Energy efficiency financing in every territory and country is important and is likely to become ever more available as nations try to reduce emissions in line with targets nodded to at COP17 in Durban.

Financing schemes like this UK scheme are ideal for Enigin Distributors as they look to grow their businesses, and they need to know about and understand about such grant and financing schemes in their own countries.

The estimated market for energy efficiency equipment finance in the UK is enormous, with research estimating that the market over the next three years in England alone, is around £8.8bn ($13.6bn). This analysis, based on official business emissions data from the Department of Energy and Climate Change, reveals the scale of the opportunity for energy cost savings.

The Energy Efficiency Financing (EEF) scheme, launched by the UK’s Carbon Trust and Siemens, aims to overcome the economic uncertainity for energy efficiency upgrades across the UK commerce, industry and the public sector, with the scheme making £550 million available to finance investments in green equipment over the next three years.

Under the scheme, the monthly payments are matched to real monthly energy cost savings, which means the upgrades do not require paying extra for energy efficiency investment and in fact can often be cash positive from the start of the payment term.

This provides an alternative source of credit that is additional to, and independent from, lines of credit from a bank which are often subject to market and economic volatility.

Through the scheme businesses and organisations in have an easy and affordable means of acquiring a wide spectrum of energy efficiency equipment for values as little as £1,000 through to many hundreds of thousands of pounds, over a period which suits their cash flow.

Energy Efficiency Financing is available to all kinds of businesses and organisations, from sole traders and partnerships through to large corporates, local authorities and other public sector organisations.

Enigin Distributors across the UK welcome this scheme as it could help their clients to finance the installation of energy efficiency equipment from Enigin, leading to savings in energy and costs, along with providing control of their energy use.

Comments

[Paul Cummings]

Wow £550 million available! That's good news

[Printable Templates]

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