Low Carbon SMEs are helping businesses to access capital grants to purchase, for example, energy saving equipment or to make process improvements that can be used to hasten the implementation of carbon saving projects.
Funding opportunities are made available through ERDF grants. Approval is based on being able to demonstrate sufficient associated energy savings.
Low carbon investment initiatives include:
- Voltage Optimisation System – to assist the company in lowering its carbon footprint and energy costs.
- Power factor correction equipment
- Variable speed air compressor with integral air dryer
The maximum intervention rate is 50%. For example, the total project expenditure must be a minimum of £6,000 to receive a £3,000 grant.
Contact the Black Country Growth Hub Team today for more details.