Skip to main content

Business: Government Assistance

Volume 498: debated on Monday 26 October 2009

To ask the Minister of State, Department for Business, Innovation and Skills how many applications have been (a) received and (b) granted for funding from the £100 million Government support scheme made available for small and medium-sized enterprises in Budget 2009 to improve their energy efficiency. (295081)

I have been asked to reply.

After applying the Barnett formula, £83.9 million of the £100 million funding announced at Budget 2009 was allocated to the Carbon Trust by Department of Energy and Climate Change for loans to SMEs in England in 2009-10 and 2010-11.

The Carbon Trust informs me that they have received 746 applications for this funding, of which 623 have been approved. This amounts to £18.1 million in loan commitments in England since April, more than double the volume of loans offered at this point in the last financial year.