Cash boost to help small businesses use more green energy - The Solihull Observer

Cash boost to help small businesses use more green energy

Solihull Editorial 17th Apr, 2024   0

BUSINESSES across the West Midlands looking to install green energy systems can get grants of up to £100,000.

The Net Zero Grant Programme (NZGP), revealed by renewable energy company Geo Green Power will offer funds to companies wanting to use renewable technologies such as solar panels and wind turbines.

The NZGP is available for small to medium-sized businesses in the West Midlands, specifically within or relocating to Coventry City Council, Birmingham City Council, or Solihull Council areas.

It’s just one of the current funding schemes available for eco-upgrades revealed in Geo Green Power’s ‘business guide to funding renewables’.

West Midlands businesses can also gain access to the £19million Net Zero Accelerator project, a programme which will help drive investment in multiple green projects across key sectors such as energy, housing and transport – essential to delivering on the UK’s climate targets.

And also they can access a portion of £185million through the Industrial Energy Transformation Fund which is backed by the The Department for Energy Security and Net Zero (DESNZ).

James Cunningham, Geo Green Power’s managing director, said: “Although installation costs are the lowest they have been and cost saving benefits really stack up, the upfront cost of adopting renewable energy systems like solar or heat pumps can prevent UK businesses being able to access them.

“With the invaluable support of government and local authority funding, business owners have a unique opportunity to not only make their buildings more energy efficient and greener, but also do so at a fraction of the cost.

“If the UK is to meet ambitious net zero targets and achieve the desired tripling of renewable energy by 2035, it needs the funding to support it. These grants represent a major milestone on our road to green energy and a significant opportunity for businesses to reap the rewards.”

For more or to apply click here.

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