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Published on 9 February 2023
Funding available to help business decarbonise
Teignbridge businesses keen to play their part in tackling climate change can apply for decarbonisation grants to help them reduce emissions and lower energy costs within their workplaces.
The money can be used to pay for specialist advice or equipment but must be spent in Teignbridge before 31 March 2023.
The £165,000 allocated for this financial year for Green Business Grant funding is part of a £1.6m allocation from the Government through the UK Shared Prosperity Fund (UKSPF) which runs until March 2025 and will support five projects, including green business grants.
Companies can apply for grants ranging from £3,000 – £25,000 to pay for example for improvements such as LED lighting, low energy heating systems, heat pumps, double/triple glazed windows and doors or thermal insulations.
Applications for grant funding - which will cover 80% of the cost for businesses and 100% for charities and not for profit organisations and be paid in arrears - must be made via our web page teignbridge.gov.uk/greenbusinessgrant.
Although not guaranteed, the council hopes that more green business grant funding will be available next year and if so, unsuccessful applicants who meet the criteria will be considered in the next financial year.
Executive Member for Business, Economy and Tourism, Cllr Nina Jeffries urged business to apply for the funding without delay. “This is a tremendous opportunity for businesses to apply for funding to help them to improve their workplaces and make a real difference in contributing to a sustainable economy”
“Our advice would be to apply now and not delay till next year when the funding may not be available.”
“Funding is also available to charities and not for profit organisations so we would urge them to apply if they can spend the money before the end of the financial year”
The £1.6 million UKSPF funding will be used in the coming years on a violence preventative scheme which seeks to address harmful sexual behaviour and exploitation of women and girls; support for businesses to secure clean growth and diversity; promotion of towns and villages to increase footfall; and to strengthen opportunities for local people to experience and participate in all forms of arts.
The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and nationally provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills.