Bee Net Zero
Bee Net Zero

Carbon Reduction Grant available to help Greater Manchester SMEs go Green

  • Friday, March 3, 2023
  • Posted By The Growth Company

The Business Growth Hub has grant funding available for small and medium-sized enterprises (SMEs) in Greater Manchester targeted at projects that can be implemented in the next 4 – 6 weeks.

The Business Growth Hub will grant fund 50% of projects that are between £2,000 and £25,000 (before VAT). The maximum grant value that can be awarded is £12,500.

The grant is for projects that would improve efficiency or reduce energy consumption for SMEs including:

  • Lighting
  • Heating
  • Variable speed drives
  • Compressors
  • Please note: Solar PV, electric vehicles and charge points are excluded.
     

To qualify for the grant businesses must be located in a Greater Manchester local authority, have less than 250 full-time employees and less than €50m turnover, or a balance sheet of less than €43m.

The project must not be in potential breach of exceeding any state aid limits under De Minimis.

Businesses that take advantage of the grant will benefit from savings on future annual costs, the ability to demonstrate green credentials to customers and other stakeholders and helping Greater Manchester to meet its net-zero target and become a leading green city.

Eligible projects will need to provide a minimum of two quotes from reputable independent suppliers.

Labour and any installation-associated costs are excluded and so quotes must clearly separate equipment costs, labour costs and VAT.

The application will be assessed by:

  • Evaluating costs against current market rates for the chosen technology to ensure the project offers value for money.
     
  • Analysing the potential carbon savings of implementing the chosen technology compared to other alternative or existing technology that can be used for the potential project.
     
  • The client must commit to having the technology installed and paying the supplier before reclaiming the grant, and we will require photos of the new equipment post-installation.
     

Note: We will not accept applications from a third party on behalf of a business.

 

If you have a project in mind, please express an interest at bghmanufacturing@growthco.uk.