SMEs can now access energy audit and loan funding support from Royal Bank of Scotland (RBS), designed to help them reduce their energy usage, energy costs and carbon emissions.
Energy audits are run by Mentor, a subsidiary of RBS, which specialises in business support services for SMEs.
A Mentor Energy Audit typically focuses on three areas:
- Energy efficiency – reviewing lighting, heating, cooling, refrigeration, building fabric, plant and equipment.
- Tariff management – examining tariff type, rates and fuel switching opportunities.
- Renewable energy – identifying ways to help SMEs potentially create their own energy through solar, wind and biomass.
Following an audit, businesses are able to apply for loan support to help them put in place energy efficiency measures.
Eligible businesses can access loans ranging from between £25,001 and £500,000.
Eligible costs include support for a wide range of measures identified in a Mentor Energy Audit. These typically include lighting, heating, cooling, refrigeration, building fabric, plant and equipment, and identifying ways to potentially create energy through solar, wind and biomass.
Any SME – whether a customer of RBS or not – can access the audit service, and businesses do not have to have had an energy audit with Mentor to apply for a loan.
Support may be accessed at any time.