Helping businesses fund smart lighting with the Carbon Trust
Investing in leading edge technology does not necessarily mean huge capital investments. In the UK, The Carbon Trust have two schemes in place to help businesses fund more energy efficient technologies. These are the Green Business Fund (GBF) and the Enhanced Capital Allowance (ECA). Scenariio are fortunate enough to have been awarded the status of approved supplier for the GBF with their smart lighting solution, smartengine. Whilst the suppliers of our lighting technology, Wtec, and our light fixtures, Hatec, meet the strict performance criteria set out by the Government to enable eligilibity to claim ECA.
Using your buildings data network, smartengine powered high quality LED fixtures attached to individual sensors. This provides an IoT environemnt in the workspace, not only offering energy savings reaching over 85% but providing data on understanding how spaces are utilised. The system can integrate into BMS systems, meeting room booking software, live occupancy statistics and heat maps.
Energy Technology List (ETL):
Scenariio are proud to have products that comply with the Energy Technology List (ETL) criteria, a government scheme that sets the performance criteria of highly energy efficient products.
Businesses that purchase products in the ETL’s lighting technology category that are ETL compliant can claim an Enhanced Capital Allowance (ECA) – a first year 100% accelerated capital allowance that delivers all available tax relief in 1 year. This is equivalent to 5.5 times the benefit of standard tax relief in the year of purchase.
Consider embedding the ETL into your procurement processes to ensure your business buys energy saving products.
Doing this will reduce the time it takes your business to find good quality products, and can deliver resource, energy and financial savings.
The Green Business Fund:
Up to £10,000 capital contribution for energy saving equipment for SMEs.
The Carbon Trust is providing an attractive and accessible support package to help small and medium sized companies in England, Wales and Scotland identify energy saving opportunities and install energy efficient equipment in their business.
This includes a 30% financial contribution towards the cost of your energy saving equipment, up to £10,000. The contribution is available to small and medium sized businesses for projects that comply with the requirements of the fund.
Delivery of projects funded through the Green Business Fund is limited to Carbon Trust Accredited Suppliers. Scenariio are accredited meaning we have met or exceeded Carbon Trust criteria designed to examine capability and track record of delivery.
Apply now – this support is available for a limited period on a first come, first served basis, aimed at small and medium sized businesses in England, Scotland and Wales.
How to find out more and make an application
In the first instance, if you would like to obtain a quote, please let us know.
For any questions relating to the Green Business Fund, or to discuss how your business could benefit from the support on offer, please visit www.carbontrust.com/greenbusiness, email Carbon Trust at email@example.com or call on 020 7832 4773 to speak to a Carbon Trust advisor.
In order to be eligible for receipt of Capital Contribution from the Green Business Fund, you must meet the Customer Criteria. This means your business must be trading in England, Scotland or Wales and meet the definition of a small or medium enterprise (SME), specifically:
(1) Your business meets at least two of the following criteria:
(i) It has no more than 250 employees;
(ii) Your annual turnover does not exceed £25.9 million; or
(iii) Your annual balance sheet total assets do not exceed £12.9 million;
And you also represent and warrant that not more than 25% of your shares or voting rights are owned by an entity or person which does not itself meet at least two of these criteria.
For the avoidance of doubt, the Capital Contribution is not available to organisations which fall within the public sector.
In order to receive a Capital Contribution your project must meet the following criteria:
(1) The project must comprise installation of equipment or technology which delivers on-site fossil fuel use savings, by either replacing existing equipment with a more energy efficient alternative, or by investing in renewable technologies to displace a fossil fuel use, and which provides a project pay-back within 5 years from installation
(2) Your project should be delivered by an Accredited Supplier, this means a supplier who is listed on the Green Business Directory; the Carbon Trust’s directory of Accredited Suppliers, located at: https://www.carbontrust.com/resources/green-business-directory/
Your Capital Contribution is paid on a reimbursement basis. Before you receive your Capital Contribution, you will be required to submit to us a copy of a certificate from the Accredited Supplier, who should be named in the final invoice(s) which you must also submit. The commissioning certificate must be signed by both you and the Accredited Supplier in a form acceptable to us and confirm that the relevant equipment has been installed and commissioned and is ready for full operation. You will be required to submit your commissioning certificate to us together with a photograph of the installation, within 7 days of the equipment being commissioned.