The Scottish Government and Zero Waste Scotland have announced a new "cashback" scheme to help small and medium-sized businesses (SMEs) tackle rising energy costs. For a limited time, eligible businesses can apply for an unsecured interest-free loan from the Scottish Government, and receive 30% cashback on the value of the loan, or up to £10,000 in cashback.
Zero Waste Scotland estimate that the average Scottish business could save around £8,000. Businesses will need to demonstrate that they have implemented energy efficiency improvements which not only reduce energy costs, but also lower their overall carbon footprint. Eligible energy efficiency projects include;
Applicants will each receive a dedicated advisor from Zero Waste Scotland at no cost, to help identify energy efficiency improvements, illustrating how the scheme is essentially beneficial to all participating Scottish small and medium-sized businesses (SMEs). Paul Wheelhouse, Scottish Government Minister for Business, Innovation and Energy, said:
“Improving energy efficiency is one of the smartest ways that businesses in Scotland can hold onto their hard-earned profits and make a real difference to the bottom line. In addition to benefits for individual businesses, reducing the environmental impact of Scotland’s energy needs will bring us closer to the low carbon energy future set out in Scotland’s Energy Strategy – generating benefits for Scotland’s economy as well as the environment.”
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