The Business Energy Saving Scheme (BESS) offers 100% interest-free unsecured loan to all types of businesses seeking to make their operations more energy efficient and lower their energy costs.
Benefits
- 100% unsecured interest-free loans
- Recently extended eligibility criteria
- Fast-track options available
- Simple payback process; loans are repaid over the period as the energy costs savings are made to the business
Features
- 100% interest-free unsecured loan towards the cost of energy efficiency projects
- Financial assistance starting from £1,000 up to £20,000 per project
- Five year payback period
- Fast-track application process for loans under £5,000
- Applicants can also complete a Business Improvement Scheme Environmental Efficiency project
Types of projects covered
A wide range of energy efficiency projects are eligible for support, including the following:
- Lighting & lighting controls
- Heating & heating controls
- Insulation upgrades
- Heat recovery systems
- Pipe insulation
- Solar heating systems, including solar panelling
- Wind turbines
- Electric Vehicle (EV) charging points
Eligibility
All applicants must complete an Application form, along with:
For applications under £5,000:
- Executive summary of the business
- Latest annual accounts
For applications over £5,000:
- Full business plan
- Last 3 years financial accounts
CASE STUDIES
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"We took advantage of the business loan before we opened, knowing that we would be buying a high efficiency cooking range which is much more efficient than a traditional range. The process was simple and straightforward and has allowed us to save more than 40% on gas bills."
Shane Hesketh, Fryers Fish & Chips