Up to 5k Funding Available from The Carbon Trust in Association With Oceanair

What is the Green Business Fund?

The Green Business Fund is a scheme run by the Carbon Trust offering a capital contribution of 15% of the project cost (up to a max of £5,000) to small and medium sized businesses, who could benefit from financial support when buying energy saving equipment. Oceanair as the first supplier to receive Carbon Trust accreditation for heat pumps are delighted to confirm we are eligible suppliers for this fund and happy to offer assistance to anyone looking to take advantage.

This could mean up to £5,000 towards heating and air conditioning equipment for your clients offices to help encourage businesses to rise to the challenge of becoming greener.

Who Can Apply?

The Green Business Fund is an energy efficiency support service aimed primarily at small and medium-sized companies (SMEs) in England, Wales and Scotland. SMEs are defined as such if they meet two of the three following criteria:

  • No more than 250 employees;
  • Annual turnover not in excess of £25.9m; or
  • Annual balance sheet not in excess of £12.9m
  • and if they are not more than 25% owned by an entity which does not meet the criteria.

Franchises are also eligible providing they have a different registered company number and are a separate legal entity to their managing partnership.

What Projects are Eligible?

  1. In order to apply for the capital contribution, you would need to be replacing equipment you currently own with energy efficient equipment where the savings can be clearly defined. The Carbon Trust will look to fund projects where the payback period on energy savings is within 5 years.
  2. If you have a project that provides energy savings that will pay back in over 5 years, then The Carbon Trust will fund the relevant contribution on the first five years’ worth of energy savings.
  3. Applications for the capital contribution must be approved prior to purchase and installation of the equipment.
  4. The applying company will receive the capital contribution upon completion of the project and issuing of a commissioning certificate.
  5. The capital contribution is a private contribution to provide an incentive for the purchase of energy efficient equipment. It works in a separate way to the Carbon Trust loans, and therefore does not need to be paid back over time.
  6. The capital contribution cannot be used to part pay for work that has already been completed and installed prior to the application being made to the Carbon Trust Green Business Fund.
    You can contact the Green Business Fund for further advice please call 020 7832 4773 or email greenbusiness@carbontrust.com

What Do I Need?

Before applying please read the following document and ensure that you have gathered all the information that will be requested by the Carbon Trust. Information regarding the energy efficiency of the new equipment can obtained from your Oceanair sales representative.

How Do I Apply?

The Appliaction is made online and the Carbon Trust have produced the following document guiding you through the application process.

Full information can be found on the Green Business Fund’s website.

Oceanair are happy to assist so if you have any queries please do not hesitate to contact one of our sales team on the numbers below.