SME Loan Fund with cashback while funds last

Support provided by Business Energy Scotland

What does this involve?

The SME Loan fund offers small and medium-sized enterprises based in Scotland loans of up to £100,000 for renewable or energy efficiency projects. You may be able to get up to £20,000 as cashback. This is on a first come basis. The loan funding is provided by the Scottish Government.

An 'energy efficient project' means installing measures which will save your business money and reduces the use of resources.

This could include:

  • heating, ventilation, and air conditioning upgrades
  • renewable technologies such as replacing a boiler to one with an air source heat pump
  • improving insulation, draught-proofing, double or secondary glazing
  • installing solar panels, wind turbines and wood-burning stoves

Cashback - while funds last:

Through the new scheme, SMEs installing eligible equipment could receive a 75% cashback grant up to £10,000 for renewable heat measures and a 30% cashback grant for energy efficiency measures up to £10,000. 

Am I eligible?

The service is open to businesses and organisations across all sectors which are:

  • small to medium-sized enterprises (less than 250 employees/turnover less than €50 million)
  • non-profit organisations (charity or social enterprises)

Full details on eligibility criteria and the list of other qualifying technologies will be given to you when you make an enquiry - and are also available online in the Important Information Document. 

What does this cost?

SME loans are unsecured and interest-free. 

Who is this for?

Small and medium-sized organisations and non-profit organisations based in Scotland.

How long does this take?

The agreed loan and cashback amount will be released after the measure(s) have been installed, and evidence has been provided/a site inspection by a qualified adviser has been undertaken.

The repayment term for all loans is 8 years.

Next steps

Please submit an enquiry through the Business Energy Scotland website and an adviser will be in touch to discuss your needs.

Support provided by Business Energy Scotland

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