Tower Hamlets council is offering grants of up to £5,000 for small and medium businesses in the borough (SMEs) to improve their energy efficiency.
Launched earlier this year, the energy improvement grants programme is part of the council’s continuing commitment to reducing carbon emissions and energy consumption across the borough and supporting local businesses and people.
The grants now being offered by the programme are to help businesses undertake any project which can demonstrate that it will achieve acceptable energy savings. This can cover energy reduction projects such as upgrades to lighting and heating, installing new insulation and getting more energy efficient equipment.
Grants of up to a maximum of 50% of a business’ project costs (up to £5,000) can be applied for by any organisation that:
- has premises in Tower Hamlets where the energy efficiency improvements will be carried out;
- employs fewer than 250 people;
- has an annual turnover below £25m; and
- is not more than 25% owned by any organisation that does not also meet these criteria.
John Biggs, Mayor of Tower Hamlets, said: “I am delighted that this programme is providing funding to help the hundreds of small businesses throughout our borough. By making it easier for them to become more energy efficient, we are helping them to reduce their costs and their carbon emissions – making their businesses more competitive and making our borough cleaner, greener and more successful.”
Rachel Blake, Deputy Mayor and Cabinet Member for Regeneration and Air Quality, said: “Becoming greener and reducing emissions is not always the cheapest thing for a small business to achieve, especially with many other costs needing to be met. The energy improvement grants programme is a firm commitment from us to become greener and reduce the impact we have on our collective environment. We look forward to sharing in the future success stories of many businesses.”
The grants are provided from the council’s Carbon Fund, which won the Local Government Chronicle award for Environmental Project earlier in the year. The fund has supported residents in fuel poverty and delivered cost saving projects across the borough, including in schools. These projects will help the council work towards its target of reducing carbon emissions by 60% by 2025 – according to levels set in 1990.
For further information about the programme or to apply for a grant visit the council’s website. For queries on the programme email THEnergy@towerhamlets.gov.uk
For more information about this release contact the London Borough of Tower Hamlets communications team on 020 7364 4389 or email firstname.lastname@example.org
Posted on Monday 7th January 2019