Energy Efficiency Funding available for SMEs

Local SMEs are being encouraged to apply for the Worcestershire Target 2020 grant.

The European Structural Investment Funds Worcestershire Target 2020 grant will help businesses to save money by providing funding towards energy efficiency measures, resulting in lower bills.

The scheme is available to most business areas, and grants range from £500 to £5000, to cover up to 35% of the capital cost of any measures. Each business will receive up to 5 days of support including a comprehensive energy efficiency report. The report also identifies low and no cost measures, meaning that businesses can begin saving energy straight away as well as benefitting from 5 days of support.

All projects that save carbon emissions will be eligible for funding, even if it is not one of the common measures such as insulation, LED lighting or high efficiency boilers.

Matt Williams, Senior Business Energy Advisor at Severn Wye Energy Agency, commented: “It’s good to know that there is still funding available for energy efficiency, as an energy efficiency charity we like to work with the smaller companies and we enjoy being creative with our energy saving solutions. I still find it amazing how much energy simple, relatively low cost measures can save.”

Matt won the inaugural West Midlands & National Energy Advisor of The Year award in 2014 and will help businesses in Worcestershire become more energy efficient.

For more information and to apply for the Worcestershire Target 2020 scheme, visit the SevernWye website.