Is the capital cost of a new compressor holding your business back? If your compressed air system is aging and inefficient, the Green Business Fund may provide your company with a non-repayable Capital Contribution of up to £10,000 to replace it. As a Carbon Trust Accredited Supplier, Precision Pneumatics can help you to increase efficiency and unlock long-term cost savings with the help of the Green Business Fund.
What is the Green Business Fund?
The Green Business Fund is an attractive and accessible support package offered by the Carbon Trust to help small and medium sized companies in England, Wales and Scotland identify energy saving opportunities and install energy efficient equipment in their business. This includes a 30% financial contribution towards the cost of your energy saving equipment, up to £10,000. The contribution is available to small and medium sized businesses for projects that comply with the requirements of the fund.
In order to qualify for the Green Business Fund, your business must meet at least two of the following criteria:
(i) It has no more than 250 employees;
(ii) Your annual turnover does not exceed £25.9 million; or
(iii) Your annual balance sheet total assets do not exceed £12.9 million;
In addition, no more than 25% of the share capital or voting rights can be held by an organisation which does not meet at least two of these criteria.
(1) The project must comprise installation of equipment or technology which delivers on-site fossil fuel use savings, by either replacing existing equipment with a more energy efficient alternative, or by investing in renewable technologies to displace a fossil fuel use, and which provides a project pay-back within 5 years from installation
(2) Your project should be delivered by an Accredited Supplier, this means a supplier who is listed on the Green Business Directory, the Carbon Trust’s directory of Accredited Suppliers. Precision Pneumatics is proud to be listed within the Green Business Directory and can provide you with information and support around applying for the Capital Contribution.
How can my business benefit?
Upgrading to Atlas Copco’s best-in-class compressor technology can deliver energy savings of up to 50%, particularly when moving from Fixed Speed machines to Variable Speed Drive. Our iiTrak Energy Monitoring service can identify how much energy might be saved by replacing an older, less efficient compressor with an appropriately-sized new machine from Atlas Copco. We will then assist you with the process of applying to the Green Business Fund, alongside the help and support available from the Carbon Trust directly.
Applications are made online via the Carbon Trust website.
Find out more
For more information on how Precision Pneumatics can help your production run more efficiently for a lower cost, call us on 0151 546 6689 or use our contact form to get in touch.