The Business Energy Saving Scheme has relaunched, bringing in a number of improvements to aid businesses seeking to reduce carbon emissions and lower energy costs.
A key part of the relaunch is that the scheme has been renamed to become the ‘business emissions saving scheme’.
The key features and improved changes to the BESS include:
- Increased financial assistance available for eligible businesses ranging from £20,000 to £100,000, tiered as follows:
- Up to £50,000 for businesses of all sizes
- Up to £75,000 for businesses which have 10–25 employees
- Up to £100,000 for businesses which have over 25 employees
- Increased grant support to 75% of the cost of energy audit of which will help businesses identify the best approach to reducing emissions
- Support measures extended to include a wider range of energy efficiency projects and those which reduce emissions e.g. incentivise/enable commuting by active travel (e.g. bike storage)
Reduce Carbon Emissions
The changes, which come into effect from October 1, include the requirement for businesses to undertake an energy audit before applying for the Scheme to determine the improvements required, with a grant of 75% of the audit costs available.
The maximum loan value has also been increased from £20,000 to £100,000 depending on business size.
Further information regarding the Scheme as well as eligibility is available here.
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