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Small businesses and entrepreneurs are to be given more assistance in funding energy-saving initiatives after the Carbon Trust announced a major revamp of its £100 million business loan scheme.
Relaxing its eligibility criteria for interest-free green loans, the trust has confirmed that the minimum loan amount has been cut from £5,000 to £3,000, while the maximum amount available has been doubled to £50,000.
Through these latest changes, it is hoped that many more small businesses will look into investing in energy-saving technology, as well as in small-scale renewable energy technology such as solar panels and miniature wind turbines.
Announcing the changes, Carbon Trust chief executive Tom Delay said: "Our zero per cent loan offer is as close to free money as a business can get, and is flexible enough to help almost any small or medium business, from a fish and chip shop to a factory.
"We are extending a helping hand to them by offering more than £100 million in interest-free, unsecured loans at a time when bank funding is hard to come by."
At the same time, the organisation has announced that it has reached an agreement that will see its 'carbon labels' for consumer products introduced across Australia.
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