Siemens, Carbon Trust offer £550m in green financing

The Carbon Trust and Siemens have partnered to provide UK businesses with green equipment finance worth up to £550 million over the next three years.

The deal is aimed at boosting green growth and unlocking business investment in the low-carbon economy, a key to the UK’s recovery. The new dedicated low-carbon finance scheme is a first and will enable UK businesses to invest in cost-effective energy efficiency equipment or other low-carbon technologies, such as new efficient lighting and biomass heating.

All businesses will be able to apply for new green growth finance from the scheme starting 1 April. Siemens Financial Services Ltd in UK will provide the financial backing and manage the provision of funding and the Carbon Trust will use its expertise in carbon saving from energy-efficient technologies to assess the carbon, energy and cost savings of any application. This will enable the financing to pay for itself through energy savings, resulting in no net cost to the customer.

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