Hendry announces Green Deal for SME sector

Charles Hendry has confirmed that small and medium-sized enterprises will be eligible for the Green Deal, which will allow financing for energy efficiency improvements at no up-front cost to the […]

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By Sumit Bose

Charles Hendry has confirmed that small and medium-sized enterprises will be eligible for the Green Deal, which will allow financing for energy efficiency improvements at no up-front cost to the end user. The repayments are via their energy bills.

In May during the Queen’s speech the Government announced an Energy Bill to come into force in the first session of this parliament, which would mean a full Green Deal should be available from 2012.

In the meantime Mr Hendry explained practical and financial support is available. “DECC funds the Carbon Trust to provide advice for small businesses through a telephone advice line, specific web tools and publications. They also administer two financial support schemes which SMEs can use for energy efficient investments: an interest free loan scheme, and the enhanced capital allowance scheme, which provides businesses that invest in designated energy efficient equipment with enhanced tax relief” the Minister stated in a written parliamentary answer.

Hansard source: TheyWorkForYou.com