Green Business Loan Scheme extended to £20 million
Welsh Government has confirmed an increase of £10 million to the Green Business Loan Scheme.
The Development Bank of Wales’ Green Business Loan is now being extended to £20 million with funding available until 2028. To date, over 30 Welsh businesses have benefitted from tailored support through the scheme, delivering forecasted carbon savings of more than 28,000 tonnes over the lifetime of their projects.
This includes a loan of £3.2 million for Mold-based Thorncliffe Building Supplies to invest in a new wash plant and water treatment system that will reduce the company’s use of landfill. Their Managing Director Tim Harper is pictured here with his dog Bear and Senior Investment Executive Scott Hughes.
Bethan Cousins, Development Bank of Wales’ New Business Director, said:
“The success of the Green Business Loan Scheme is a testament to the ambition and innovation of Welsh businesses in tackling climate change.
Thorncliffe is a great example of how the scheme is helping businesses across Wales to ‘invest to save’ by providing loans with discounted interest rates to make energy efficiency improvements and implement decarbonisation initiatives
This further investment from Welsh Government will ensure we continue driving meaningful change, supporting businesses of all sizes to adopt technologies that reduce emissions and strengthen energy resilience.”
You can find out more at about the green busines loan scheme here
Want to grow your business?
Find new opportunites, grants and funding available on the North Wales Skills Portal
