Scottish Government – SME Loan Scheme

The Scottish Government’s SME Loan Scheme, that is helping businesses across Scotland to reduce their energy costs and environmental impact is available to apply for.

Over £26 million of unsecured, interest-free loans have already been provided to Scottish SMEs (small and medium-sized enterprises), and over 1,000 cost-saving, profit-boosting projects have been supported.

Some key points to note about the scheme are:

  • Interest free loans available up to £100,000

  • Unsecured

  • No set-up charges

  • Can be set against capital allowances

  • 8-year repayment

To support the Scottish Government’s net-zero carbon targets the SME Loan Scheme has been updated to provide even greater financial support to SMEs that want to save energy and reduce their carbon emissions.

Key changes include:

  • A cashback grant of up to 75% for energy efficiency measures

  • A cashback grant of up 75% for renewable heat measures.

  • An increase in the maximum total cashback available from £20,000 to £30,000

Further information is available from Zero Waste Scotland at: https://energy.zerowastescotland.org.uk/SMELoan or contact – Tel: 0808 808 2268 or E-mail: energy.efficiency@zerowastescotland.org.uk