Suffolk Carbon Reduction Loan Scheme
An Interest Free Loan to assist Suffolk communities with the initial costs of carbon reduction.
The loans are available to (almost) anyone! Any individual/ organisation applying must meet NWES’ Financial Criteria (i.e. demonstrate the financial capacity to repay the loan) – so that the money may be reused. Whilst we have tried to make the loans available as widely as possible, unfortunately organisations with more than 250 employees are not eligible.
2. What can loans be spent on? [3]
The only restriction is that funding must go on work within Suffolk that delivers demonstrable carbon savings. Loans will be paid directly to the installer/ supplier (i.e. the applicant will not receive any finance directly).
- Approved Products [3]
Products should be off an approved list. There are currently two approved schemes:
MCS and Energy Saving Trust
- Approved Installers [3]
Loans used to fund any proportion of installation should be installed by an approved installer.
Lists of approved products & installers are available from www.answerproject.eu/Loan.
3. How to apply & Loan Details
To apply for a loan call NWES: 0845 4918 735 or email advance@nwes.org.uk.
- Energy Bills
Energy bills for at least one quarter are required. For schools a full year of energy bills is required. - Loan Size [3]
Loans will be offered between £500 and £5000. - Repayment Period [3]
Loans will be for a period up to three years. - Matched funding
You are able to use the loan to pay for all or a proportion of the cost of the product - APR
Loans will be offered at 0% APR. Schools are eligible to apply on a basis of repayment from savings. Please contact Paul Bonello (below) for details of how this works.
Suffolk County Council reserve the right to refuse any loan not meeting the aims of ANSWER. Any recipients of funding may be asked to complete a feedback form.
4. Support Available
We offer advice and information to help you select the most appropriate products for you. You should make contact with one of these before submitting your application.
Schools:
Paul Bonello Tel: 01473 264488
Organisations (including businesses and charities):
Business Adviser Tel: 01394 444 257
Mob: 07717 701 746
Individuals:
Energy Saving Trust Tel: 0800 512012
or John Taylor Tel: 01473 432096
5. Background
The Carbon Reduction Loan Scheme is part of the ANSWER Project (www.answerproject.eu), and has been co-funded by ERDF through the Interreg IVB North Sea Region Programme and Suffolk County Council’s CRF. SCC manages the fund, with NWES administering the loans.
If you have any questions about the administration of the loan, please email ned.harrison@suffolk.gov.uk
[ 1] Specific financial restrictions apply to schools – please contact Paul Bonello (see above)
[ 2] NWES are not eligible for the loan.
[ 3] These criteria are flexible. Requests for loans that exceed these thresholds, or are for items not on the pre-approved list will be judged on a case-by-case basis.