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New SME loans have been introduced by the Scottish Government, aimed to reduce bills and cut your carbon footprint – and you can also receive £20,000 cashback.

Aimed to support small and medium sized enterprises, the new government funded can be used to fund energy efficient measures within your business. This can include heating, ventilation, improving installation and installing solar panels.

The loan will be eligible to those who fall within the EU definition of small and medium enterprises, not-for-profit organisations and charities.

Businesses can also receive the cashback grant if they fit the eligible criteria and plan on installing energy efficient equipment. 30 per cent of eligible costs up to £10,000 can be claimed for energy efficient measures, whilst 75 per cent up o £10,000 can be claimed for renewable heat measures.

To check your eligibility and apply, see businessenergyscotland.org/smeloan/

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