Many resource efficiency improvements, such as changing staff behaviour, cost little or nothing.
Larger scale changes will however, often require up front investment. In order to secure funding, you will need to create a business case to support your proposed investment decision. Our guides and templates can help you to create this. We are here to help turn your ideas for improving your resource use into a cost saving reality. We can help you now by advising on available routes to funding. If you would like further advice and support, please contact one of our resource efficiency advisors 0808 808 2268 or contact us.
Some organisations may encounter difficulties in finding suitable finance for such investments if they are unable to cover the investment from their own funds and may choose to use funding arrangements designed for this specific purpose.
If you are looking to finance your own projects, the main sources of finance available to you, include:
You can look at current sources of funding available from Zero Waste Scotland.
A wide range of Government supported loan schemes offer opportunities to fund your projects.They include:
- The Green Deal
- Resource Efficient Scotland SME Loan Scheme - interest-free, unsecured loans for SMEs looking to reduce energy, water or materials use and cut costs. A report is required for the loan application, which can be arranged free of charge from Resource Efficient Scotland. It can be used in conjunction with the Carbon Trust Green Business Fund which provides up to £10,000 capital contribution towards energy saving equipment purchase. Resource Efficient Scotland help every step from planning, loan application, supplier assessment through to project completion.
- Resource Efficiency Waste Prevention Fund. Grant funding of up to £100k is available for waste prevention measures. Applications welcomed from small and medium-sized businesses working in food and drink, construction or commercial and industrial waste. More information is available on example projects, guidance and outline proposal documents.
- Low Carbon Transport Loan offers interest free loans of up to £100k to Scottish businesses to help lower transport and travel costs.
- Regional Loan Schemes
- Scottish Loan Fund provides loans ranging from £250,000 to £5 million to small and medium-sized enterprises, and is delivered by Maven Capital Partners on behalf of contributing funders including Scottish Enterprise and the European Regional Development Fund.
In addition to Government supported loan schemes there is a variety of other Government supported arrangements that can help provide funding for resource efficiency improvements. The Carbon Trust Green Business Fund provides up to £10,000 capital contribution towards energy saving equipment purchase. The Green Business Fund can be used in tandem with the SME Loan Scheme.
In addition to grants and other Government funded initiatives, there are a wide range of commercial sources of finance for SMEs and other organisations. The guiding principle behind all commercial finance is the balance between risk and reward for the lender – the higher the risk, the higher the interest rate is likely to be.
Whilst some funding opportunities that are available to private businesses or third sector organisations, are not appropriate for public sector organisations, our public sector team have identified a range of funding mechanisms that can be accessed by public sector organisations.
The Scottish Government’s Finance Scotland programme, delivered in partnership with local authorities, enterprise agencies and other public bodies contains practical information and support on finance and funding to help start up and grow your business, including information on: preparing to raise finance, the types of funding available, the criteria that apply and how to make an application for funding. Visit Finance Scotland for further information.
The information contained within these pages is for general guidance only. All organisations seeking finance should obtain advice from their accountant or other appropriately qualified independent financial professional before making any financial commitments.