eBike Business Loan
First Published : 29 Jul 2021
Last Updated: 29 Nov 2021
Contents
Support provided by
Energy Savings Trust
What does this involve?
The ebike Business Loan supports organisations that want to reduce the carbon impact of their transport and travel arrangements with new, more efficient alternatives. Interest-free loans of up to £30,000 are available to help with the cost of purchase.
The loan covers:
- new pedal-assisted electric bikes - up to £3,000 per bike
- new cargo bikes - up to £6,000 per bike
- new adapted cycles
Please note that if your organisation is replacing a car or van with a cargo or ecargo bike, there is no maximum limit per bike, as long as the cost is within the maximum loan amount of £30,000.
The loans are distributed by Energy Saving Trust and funded by Transport Scotland (an agency of the Scottish Government).
Am I eligible?
To be eligible:
- businesses must have been operating for a year or more
- the applicant must be the business who has ordered/will order the bicycle and will become the owner
What does this cost?
There is no cost to apply for the loan.
The loans are interest-free.
Who is this for?
Businesses in Scotland which have been operating for at least a year and which are looking to reduce the carbon impact and costs of their transportation.
Next steps
Before you apply for a loan, you need to complete Energy Saving Trust's online business enquiry form, external link which will open in a new window. One of their sustainable transport coordinators will be in touch.
You can also visit the Energy Saving Trust website for more information.
Support provided by
Energy Savings Trust