SME Decarbonisation Loan Programme Pilot

The SME Decarbonisation Loan Programme pilot will help businesses to decarbonise and support the County Council’s strategic priority for achieving net zero for the county by 2050. It also supports the Greener Futures Finance Strategy that was approved by SCC Cabinet in July 2023.The loan programme would fund energy efficiency measures including heating, lighting, insulation and second hand electric vehicles which in turn will reduce carbon emissions and provide financial savings to the small and medium sized businesses. It is anticipated that programme will run in two phases:a) Phase 1 of the programme will distribute loans from July 2024 to March 2025, with a repayment period of up to 3 years for businesses. b) Subject to the success of this phase, an approval will be sought from SCC Capital Programme Panel for the release of further funding from 2025, which will be a Phase 2 of the programme.

Estimated Value

£800k

Starts

5 September 2024

Ends

4 September 2030

Buyer

Surrey County Council