UK businesses can now apply for green equipment finance from Carbon Trust and Siemens. Worth up to £550 million over the next three years, the dedicated low carbon finance scheme is the first of its kind and will enable UK businesses to invest in cost effective energy efficiency equipment and other low carbon technologies, such as new efficient lighting and biomass heating.
Siemens Financial Services UK will provide the financial backing and manage the provision of funding, whilst Carbon Trust Implementation Services (a subsidiary of the Carbon Trust) will use its expertise in carbon saving from energy efficient technologies to independently assess the carbon, energy and cost savings of any project. This should enable the financing to pay for itself through energy savings and result in no net cost to the customer.