A Guide to Business Grants For LED Lighting

A Guide to Business Grants For LED Lighting

With LED lights offering the potential to significantly reduce energy use and associated costs, more and more companies are choosing to make the switch. However, the initial costs can be expensive and not all businesses have that money upfront to utilise. Business grants are one of the best ways to fund the capital cost of purchasing and installing LED lighting.

Lighting is responsible for up to 20% of all energy consumption in the UK according to The Carbon Trust. For a business, The Carbon Trust suggests that this figure for lighting can rise to 40%. With the price of LED lighting dropping dramatically in the last few years and improvements in their quality, they are the logical choice. LED’s use, on average, 80% less energy than most traditional bulbs.

Why should you upgrade to LED lighting

  • Massive energy savings: LEDs use up less energy than conventional lighting, reducing energy costs significantly.
  • Improved working environment: Improved lighting has been shown to have a direct effect on employees performance. LED lighting can offer exceptional light levels and comes in a range of colours and Watts, so it can be used to suit your environment perfectly.
  • Low maintenance: LED lighting lasts much longer than conventional lighting, reducing maintenance costs.
  • Intelligence: LED lighting can be installed with intelligent controls, such as sensors, saving more energy.

What’s available?

While some grants and sources of funding are nationally available, others are aimed at particular areas. Barclays Commercial Bank, for instance, offers Green Cashback Loans – a scheme giving back up to £50,000 to small businesses which are borrowing to finance green initiatives.

ECA

Enhanced Capital Allowance. For businesses small or large that wish to move to a greener future with slashed operating costs, this is the way. In short this is exactly what this fantastic government issued opportunity provides. When it comes to making that decision on a cheaper route or spending more upfront, the deciding factor needn’t be so biased.

The ECA scheme encourages businesses to invest in energy saving plant or machinery (in this instance LED lighting) that in most instances would be too expensive. First year allowances let your business set 100% of the assets against taxable profits. A huge opportunity and making the aforementioned decision much easier to make. Within the ECA falls a list of products which carry “Super Green Credentials”, the list is called the Enhanced Technology List (ETL).

You will be pleased to know that ALL LED By Vision “Full Fitting” solutions carry this credential. Making them eligible for this tax efficiency.

The Carbon Trust

“The Carbon Trust is an independent, expert partner of leading organisations around the world, helping them contribute to and benefit from a more sustainable future through carbon reduction, resource efficiency strategies and commercialising low carbon technologies.” - The Carbon Trust

The Carbon Trust offers grants For LED Lighting up to £5,000 for commercial small and medium sized UK businesses, who could benefit from financial support when buying and installing energy efficient saving equipment. With an LED Lighting Government Grant your company could get up to £5,000 towards upgrading to a new lighting system for your warehouse or office buildings - to help you rise to the challenge of becoming a greener business.

Getting help with your grant

While it is pretty easy to find out what grants are available to you and your business, it can still be a confusing process as some grants are only local, others regional, the UK as a whole or may be Europe-wide.

However, the good news is that there are plenty of people to give you sound impartial advice. From the DTI and DEFRA to your own Regional Development Agency or local chamber of commerce. In addition, many trade bodies and professional institutions can also help.

Talking with these people could save you a fortune, your precious time and stress too.

For more information contact LED By Vision now.


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