As approved at the Executive held on 20 March
2023
(EX107: The Executive: 1. Approved progression of Guildford’s
UKSPF and REPF plans, as outlined in the report), the Surrey SME
Decarbonisation Loan Pilot will be delivered by Surrey County
Council (SCC) on behalf of Guildford Borough Council and other
local Councils. The initiative will provide business advice to
applicants and then low interest loans of between
£5k-£15k to eligible SME businesses to install energy
efficiency measures to reduce their carbon emissions and provide
energy savings.
This project aims to support SMEs to invest in decarbonisation
measures including heating, lighting and energy efficiency
measures. This will help the business to reduce their carbon
emissions and provide annual energy savings to the business. The
project will also help contribute towards the target of Surrey
being net zero by 2050.
The loan pilot will operate across participating Surrey Districts
and Boroughs. Phase 1 of the loan pilot has capital funding of
£200k.
Subject to the success of stage 1 of the pilot and agreement by the
SCC Capital Programme Panel, a further £400k will be
available for stage 2.