The Energy Resilience Fund is finance to enable community and social enterprises to retrofit energy generating/saving technology on community owned or managed buildings, with an initial focus on stabilising or reducing energy costs.
Fund Offer:
- Investment amounts from £10,000 to £150,000.
- Up to 40% of total available as grant, where justifiable to support cost stabilisation or reduction.
- Energy Audit Grants available between £500 and £2,500 where these have not been completed.
- Minimum Term 12 months, Maximum Term 7 years.
- Interest Rate – 6.5% flat.
- Arrangement Fee – 1%.
- Security – mainly unsecured.
Eligibility:
- Own your building or have a significant lease (12 years or more).
- Be an incorporated entity and not-for-profit.
- Been declined by a bank.
- Be a social enterprise.
- Have clear social aims and objectives.
- Based in England.
Blended grant and loan funding is available. There are two funding application stages:
- First stage – energy audit grants of up to £2,500 are available.
- Second stage – funding of £10,000 to £150,000 is available via a blend of grants (40%) and loans (60%).
The loan repayment term is twelve months to seven years. Loans have a 1% arrangement fee and headline interest rate of 6.5%.
Applications can be made at any time.
Contact details to find our more are online here
