- By Buckinghamshire Business First
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Discover grants, finance and funding that can help you cut energy bills and carbon emissions.
Grants for electric vehicle chargepoints and supporting infrastructure
Grants for small and medium-sized businesses
SMEs can get money off the cost of installing electric vehicle (EV) chargepoints and supporting infrastructure for their staff and fleet vehicles. A grant could help with the cost of wider building and installation work that’s needed to install multiple chargepoint sockets, or for infrastructure like wiring and posts.
You can receive up to five grants across five different sites. The grant covers 75% of the cost of the work, up to a maximum of £15,000. You can get:
- up to £350 per chargepoint socket installed
- up to £500 per parking space enabled with supporting infrastructure
Grants for landlords with rental and leasehold properties
Grants are available to help landlords install electric vehicle chargepoints and supporting infrastructure in rental and leasehold properties. The grant covers 75% of the cost of the work, up to a maximum of £30,000.
You can receive up to 200 grants a year for residential properties, and a further 100 for commercial properties, as well as up to 30 grants each year for installing infrastructure in residential carparks.
Workplace Charging Scheme
The Workplace Charging Scheme (WCS) is a voucher-based scheme that provides support towards the up-front costs of the purchase and installation of electric vehicle charge-points, for eligible businesses, charities and public sector organisations.
Learn more about the Workplace Charging Scheme >
Workplace Charging Scheme guidance for charities and small accommodation businesses is also available.
Barclays Green Loan
A Barclays Green Loan can help you fund sustainability projects in your business.
Lloyds Bank Clean Growth Finance Initiative
Discover the Lloyds Bank Clean Growth Finance Initiative – this is discounted lending that can support small or large investments in sustainability by businesses.
Lloyds also produces guides and reports on sustainability to help businesses make the most of the opportunities that a sustainable agenda brings. Visit the Lloyds website here, and filter the results for 'Sustainability'.
Natwest - Financial support for green goals
Natwest offer loans and finance for green ambitions, as well as financing for renewable energy projects.
Low-emission vehicles eligible for a plug-in grant
You can get a discount on the price of brand new low-emission vehicles through a grant the government gives to vehicle dealerships and manufacturers.
Claim capital allowances
If you buy an asset that qualifies for first year allowances you can deduct the full cost from your profits before tax.
You can claim ‘enhanced capital allowances’ (a type of first year allowances) for the following energy and water efficient equipment:
- some cars with low CO2 emissions
- energy saving equipment that’s on the energy technology product list, for example certain motors
- water saving equipment that’s on the water efficient technologies product list, for example meters, efficient toilets and taps
- plant and machinery for gas refuelling stations, for example storage tanks, pumps
- gas, biogas and hydrogen refuelling equipment
- new zero-emission goods vehicles
