Carbon Trust and Siemens Launch £550 Million Green Finance Initiative

A joint partnership has been announced between the Carbon Trust and Siemens, designed to provide UK businesses with green equipment finance worth up to £550 million over the next three years.

The new green financing scheme will give UK firms the opportunity to cover the upfront costs of energy efficiency investments when it launches on 4 April 2011. Siemens will manage the provision of the funding, totalling £550 million, over the next three years and the Carbon Trust will use its experience of managing energy efficiency projects to assess the carbon, energy and cost savings of loan applications, ensuring that the financing pays for itself through reduced energy bills.

As further details become available they will be found at www.carbontrust.co.uk