What is the grant available for?
The Eastern New Energy project aims to build a stronger Local Energy and Low Carbon Economy in the East of England. It will achieve this by providing support to a range of individuals and organisations, and by understanding and addressing the barriers to the decarbonization of communities, buildings, transport, and lives.
PECT’s role is to provide grants to eligible small and medium-sized businesses, to help catalyse capital investments in energy efficiency initiatives. The long-term organisational benefits to participating businesses include reduced operating costs, increased competitiveness, business growth and resilience.
The project is part-funded by the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Eastern New Energy project is led by the University of East London, with a wider partnership comprising 23 organisations.
Any eligibility criteria
The project is offering assistance to small and medium sized enterprises (SMEs) in Cambridgeshire, Norfolk, Suffolk and Hertfordshire. A detailed list of the Local Authority areas covered by Eastern New Energy is available upon request.
The project is offering support to SMEs with a focus on high end energy users (1,000,000+kWh per annum). There are eligibility criteria that your business will need to meet and the project is unable to support businesses from certain sectors including (but not limited to); Fisheries or aquaculture, Agriculture or the processing of agricultural products, Synthetic fibres, Banking and insurance, Healthcare, and School age education.
- Solar PV (plus battery storage)
- Solar PV (plus private wire)
- Lighting replacement (LED)
- Zonal controls; heating controls
- Radiant heating (electric only)
- Motor replacement
- Upgrading existing motors with variable speed drives
- Installation of CHP systems
- Upgrading of process equipment
- Power quality improvement (power factor correction, harmonic suppression, upgrading to low loss transformers)
This list details the technologies that are eligible for funding support. It is possible the list will be updated throughout the project, so potential applicants should check their chosen technology is eligible for support before they start the application process.
What grant amounts are available?
The project is offering capital grants to help qualifying businesses improve energy efficiency and/or reduce carbon emissions. Support is available from the summer of 2020 until mid 2022 (subject to grant availability).
- Minimum grant is £1,000
- The minimum project value is £4,000
- The intervention rate will be up to 25% – exact value of the grant awarded will be based on the cost (£) per tonne of carbon saved
How to apply for the grant?
The Eastern New Energy project is led by the University of East London, with a wider partnership comprising 23 organisations.
The PECT project team brings together a wealth of knowledge and experience in this field. The organisation previously supported over 270 businesses and identified £1,400,000 of cost savings and 6,500 tonnes of carbon savings that could be realised through recommended actions, through the Business Energy Efficiency programme.
The Eastern New Energy project is receiving up to £5,127,158 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government is the Managing Authority for European Regional Development Fund.
Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support research and innovation, small to medium sized enterprises, create jobs, supporting local community regenerations and the creation of a low carbon economy.
If you are a small or medium sized business who would like to find out more about receiving a grant, call 01733 882549 or email email@example.com.
Find out more at www.easternnewenergy.org.