Energy efficiency is one of the best ways to reduce operating costs – and now you can take advantage of additional advice, support and funding, courtesy of the Carbon Trust’s Green Business Fund (GBF).
Operating globally, the Carbon Trust is committed to helping organisations like yours reduce carbon usage to cut costs and secure a more sustainable future for us all.
As an Accredited Carbon Trust Supplier, Simm Engineering is ideally placed to help you with energy saving initiatives, including applying for up to £5,000 funding for capital expenditure.
How can we reduce your energy bills?
Leaky pipework, fixed speed compressors and other inefficient machinery can all contribute to higher energy bills.
Fortunately, there is something you can do about it. Our qualified engineers can carry out an energy audit by data logging your site during work hours without disrupting production.
Through our accreditation, we can help you access advice and funding towards new capital equipment.
How much can we save on our compressed air costs?
This will be established based on the results of the energy audit, but in many cases it will run to thousands of pounds. On top of this, you can reduce the cost of purchasing new equipment through the GBF grant, which will reduce payback time even further.
To give you an idea, we recently replaced four old compressors at AESSEAL in Rotherham with a new Atlas Copco Variable Speed Drive machine (GA55VSD+FF), with an expected annual energy saving of almost £15,000. Read more in our AESSEAL Case Study.
How much funding is available for capital expenditure?
Every eligible organisation can apply for up to 15% of capital expenditure costs, for sums between £750 and £5,000 (up to a maximum of £5000).
Who is it for?
We can offer advice and support to companies of all sizes. Additionally, there is funding for capital purchases available to SMEs in England, Wales or Scotland.
Your organisation will need to meet at least two of the GBF criteria. These are:
1. Your company employs no more than 250 staff
2. Your annual turnover is less than £25.9m
3. Your annual balance sheet is less than £12.9m
4. Your company is not more than 25% owned by an organisation that doesn’t meet these criteria
As well as SMEs, the grant can be accessed by schools and charities.
How do we apply?
You will need to go through an Accredited Carbon Trust Supplier, such as Simm Engineering.
We will talk you through the process, help you fill out the application form and advise you on the documentation required before applying.
There is no deadline for applications, but the Government money will run out at some point, so it’s best to act now if you want to take advantage of this opportunity.
Please get in contact if you would like to find out more.