Picture (L-R): NFRN member Abdul Qadar, NFRN Head of Public Affairs Adrian Roper, Paul Wheelhouse MSP, and NFRN member Aleem Farooqi at the initial launch in February 2018. Credit: Zero Waste Scotland
Back by popular demand, businesses in Scotland are offered cashback for investment in projects to help cut their energy use and cost.
For a limited time, while funds last, eligible small businesses applying for the interest-free, unsecured Scottish Government SME Loan can receive 15% cashback.
That’s up to £10,000 in cashback on completion of their energy efficiency improvements.
The SME Loan 15% Cashback incentive is open to applications from SMEs with resource efficiency projects that demonstrate cost and carbon savings. These include, but are not limited to:
- investing in LED lighting
- installing more efficient heating systems
- improving the insulation of a building or investing in more energy efficient equipment, such as a state of the art oven or a more efficient refrigeration unit
NFRN member Aleem Farooqi runs the Goldenacre Mini Market on Edinburgh’s Inverleith Row. His successful application for the SME Loan in 2016, to upgrade the store’s lighting and refrigeration, has generated annual electricity savings worth almost £1,800.
Speaking back in February 2018, Mr Farooqi said: “As a small business, keeping my energy bills to a minimum while also ensuring an excellent customer experience is paramount. Having operated Goldenacre Mini Market in Edinburgh for 15 years, I was delighted to have the chance to upgrade some of my older lighting and refrigeration equipment to more energy efficient models that are now saving me about 30% on my electricity bills. That’s money that I can put back into my business and continue to serve the community.
“I would recommend the SME Loan to any small business owner – and with an additional cashback element now available it’s a great opportunity for retailers to invest in the future of their business.”
Eligible applicants will receive a dedicated Resource Efficient Scotland advisor to guide them through the process at no cost, helping them identify efficiency improvements with the greatest benefit to the bottom line.
How to apply
To find out more about the SME Loan 15% Cashback incentive, and to apply, call Resource Efficient Scotland on 0808 808 2268, or visit www.resourceefficientscotland.com/SMEloan
Source: Zero Waste Scotland