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Funding opportunity to reduce energy consumption on your community building

9 Nov 2023 - 09:59 by michelle.foster

Do you want to reduce the energy costs of a community owned or managed building? Would you like to reduce your carbon footprint by making your building more environmentally friendly? Would a blue bag with a yellow ribbon around the top and white pound sign on the frontyou be interested in taking on a loan to install energy generating/saving technology?

GMCVO have funding available to support a limited number of trading voluntary and community organisations and social enterprises to benefit from a pilot fund which will provide financial support (grant and loan) to enable you to retrofit energy generating/saving technology on community owned or managed buildings (minimum 12 years lease).

The initial focus is to stabilise or reduce energy costs and if possible, to target high energy users working in deprived communities or with marginalised groups.

  • Investment is between £10,000 - £150,000
  • Up to 40% grant funded (at funders discretion depending on affordability)
  • Energy audit grants are available between £500 - £2,500 (for applicants who have not had an audit carried out in the last 12 months)
  • Loan term: 12 months – 7 years
  • Interest rate: 6.5% flat rate
  • Repayments will be based on the savings made on bills, by installing energy measures

Interested? Email Alison Crush at: [email protected] to arrange an informal chat to see if the Key Fund’s Energy Resilience Fund could be right for you.

Please note there is funding available to support around six organisations and the timeframes are tight so organisations are encourage to get in touch as soon as possible if you think this opportunity could work for you and you have the capacity to move quickly.

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