Loans are available for social enterprises and registered charities in England to support them with energy efficiency and renewable energy installations to combat the rising energy prices.
Big Energy Saving Loans are administered and provided by Big Issue Invest, the investment arm of the Big Issue Group.
Big Issue Invest is offering loans to charities and social enterprises which are struggling with rising energy costs to help them install measures such as more efficient lights, insulation or heat pumps to keep costs down. The scheme aims to help businesses for social good find long-term solutions rather than a short-term fix.
Loans of between £20,000 and £200,000 are available.
The loans can be structured to suit individual needs and can be unsecured.
Social enterprises and registered charities based and working in England can apply.
Applicants must:
- Demonstrate a clear energy saving case in the works proposed.
- Be able to repay finance.
- Be well-managed and have good governance.
Companies limited by shares must have an asset lock, dividend lock and social mission in place within their governance documents.
Eligible Expenditure
Loans can be used for a variety of projects, including:
- Insulation.
- Buying and installing renewable energy equipment.
- Heat exchangers and heat pumps.
- LED light installations.
- Replacing old gas fired boiler systems with new efficient ones.
- Property improvements, such as extra single glazing on existing windows, double glazing improvements, systematic draught improvements.
- Energy efficiency survey and technical assistance costs.
Applications can be made at any time.
Interested applicants should complete the online enquiry form on the Big Issue Invest website.
