We work closely with the Carbon Trust and can assist you in securing funding by way of a 0% Carbon Trust Loan. If you qualify, any loan amount will be based on the amount of CO2 that will be saved.
The Enhanced Capital Allowance (ECA) scheme is a key part of the UK Government’s programme to manage climate change. It provides businesses with enhanced tax relief for investments in equipment that meets published energy-saving criteria.
Why was it introduced?
The Government introduced the ECA scheme in 2001 to encourage businesses to invest in low carbon, energy-saving equipment. As part of the Climate Change Levy Programme, it’s designed to help the UK reach its Kyoto target of reducing carbon emissions by 20%.
Climate change is becoming one of the biggest threats to our planet’s environment, and the biggest cause of this is carbon emissions produced by burning fossil fuels. Around half of these come from businesses and industrial processes, so it’s important that efforts to reduce emissions focus on these areas.
How do you claim an ECA?
ECA claims should be submitted as part of your normal corporate or income tax return.
There are also leasing options available with a number of incentives: