£2.5 Million Loan Funding for Small Businesses

Funding of £2.5 million has been announced to help small businesses install renewable technologies, in a move welcomed by Dunfermline SNP MSP Bill Walker.

Mr Walker, who is also a chartered engineer, said:

“This welcome move, by Energy Minister Fergus Ewing, will help small businesses to become energy efficient and cut costs by applying for interest free loans of up to £100,000.

‘This is in keeping with the SNP’s commitment to a low carbon economy. Scotland is leading the way in the fight against carbon emissions. The Scottish Government has pledged to create a better and greener Scotland while supporting the economy.”

In the past financial year, small and medium-sized enterprises have already benefitted from loans worth £2.5 million, while the Scottish Government has invested more than £10 million since the initiative began.

Businesses that install small-scale renewables technologies will also qualify to receive payment for supplying electricity to the national grid.