-
7/23/2019 AD Action Plan List of Financial Schemes
1/3
Financial Schemes Available to AD Projects
October 2011
This note summarises the financial schemes which are currently
available for AD projects. The information contained is correct to
the best of
ADBAs knowledge at the time of publication, but please check
with administrators of individual schemes for up to date
information.
Enterprise Finance Guarantee (EFG)
The Enterprise Finance Guarantee (EFG) is a targeted measure
intended to facilitate additional commercial lending to viable SMEs
unable to obtaina normal commercial loan due to having no or
insufficient security. Only available through accredited EFG
lenders, detailed on the Department forBusiness Innovation &
Skills (BIS) website, see below.
EFG will continue until 31 March 2015, enabling up to 600
million of additional lending in 2011-12, and over 2 billion in
total between 1 April and31 March 2015, subject to demand.
Contact
Website:
www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guaranteeList
of Funders:
Address:
www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guarantee/efg-list-of-lenders
Department for Business, Innovation and Skills1 Victoria
StreetLondonEnglandSW1H 0ET
Tel: 020 7215 5000
Anaerobic Digestion Loan Fund (ADLF)
The Anaerobic Digestion Loan Fund (ADLF) is a 10m fund designed
to support the development of new AD capacity in England. The fund
aims tosupport 300,000 tonnes of annual capacity to divert food
waste from landfill by 2015. The ADLF has a loan minimum of 50,000
and a maximum of1,000,000, with a maximum term of five years.
The ADLF will offer direct financial support to organisations
that are interested in building AD capacity in England in order to
provide digestate ofsufficient quality for a variety of UK markets
and to generate renewable energy in the form of biogas through the
diversion of food and other organicresources.
The ADLF also aims to ensure that the material is diverted from
landfill or from other, less environmentally sustainable operations
up the wastehierarchy.
Contact
Website:
www.wrap.org.uk/farming_growing_and_landscaping/ad_loan_fund.html
Then click on ADLF Product Information Form
Email: Pam Golding at WRAP [email protected]: 01295
819919
eQuip
If you are a recycling business, you will already know how hard
it can be to lease vital machinery and equipment. Understandably,
banks and otherlenders are often reluctant to look at technologies
they are not familiar with, especially in a sector as new and
unproven as recycling. Often, this
http://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guaranteehttp://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guarantee/efg-list-of-lendershttp://www.wrap.org.uk/farming_growing_and_landscaping/ad_loan_fund.htmlhttp://www.wrap.org.uk/farming_growing_and_landscaping/ad_loan_fund.htmlhttp://www.wrap.org.uk/farming_growing_and_landscaping/ad_loan_fund.htmlmailto:[email protected]:[email protected]://www.wrap.org.uk/farming_growing_and_landscaping/ad_loan_fund.htmlhttp://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guarantee/efg-list-of-lendershttp://www.bis.gov.uk/policies/enterprise-and-business-support/access-to-finance/enterprise-finance-guarantee
-
7/23/2019 AD Action Plan List of Financial Schemes
2/3
reluctance can be traced back to the simple fact that the
residual value of such equipment (what it will be worth at the end
of a lease) is very hard tocalculate.
eQuip, set up by WRAP, may be able to help by offering a
Residual Value Guarantee (RVG) giving recycling companies help to
lease machinerythey need by guaranteeing the future residual
value.
Due to European state aid rules, this facility would not be
available to developers/projects looking to claim FITs. However, it
would work if ROCswere your preferred incentive.
Contact
Website:
http://www.wrap.org.uk/recycling_industry/support_funding_guidance/help_for_recycling_businesses/money_matters/equip.html
Email: Pam Golding at WRAP [email protected]
Tel: 01295 819919
Accelerating Growth Fund (AGF)
The Accelerating Growth Fund is a limited fund that has been
established by WRAP to provide for and to structure investments
directly intocompanies (typically SMEs) operating in the recycling
sector on a commercial basis in accordance with defined eligibility
criteria.
Contact
Email: Pam Golding at WRAP [email protected]
Tel: 01295 819919
The Carbon Trust/Siemens Financial Services
Carbon Trust Implementation and Siemens Financial Services
provide businesses with a range flexible energy efficiency
financing options. Theyoffer leases, loans and other financing
options from 1,000 upwards with no maximum, to all types of
organisations. Payments can be calculated sothat they are offset by
the anticipated energy savings.
Contact
Tel: 0800 988 3718
Website:
http://www.carbontrust.com/client-services/technology/implementation
http://www.wrap.org.uk/recycling_industry/support_funding_guidance/help_for_recycling_businesses/money_matters/equip.htmlmailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://www.wrap.org.uk/recycling_industry/support_funding_guidance/help_for_recycling_businesses/money_matters/equip.html
-
7/23/2019 AD Action Plan List of Financial Schemes
3/3
Enterprise Investment Scheme
The Enterprise Investment Scheme (EIS) is designed to help
smaller higher-risk trading companies to raise finance by offering
a range of tax reliefsto investors who purchase new shares in those
companies.
It is important that investors are aware of the rules the
company has to observe, not just at the time of the investment but
for at least three yearsafterwards. If it fails to meet those rules
tax relief will not be given, or, if it has already been given,
will be withdrawn.
There are a number of EIS funds in the market; however, its
worth initially following the guidance given on the HMRC website,
details below.
Contact
Website: www.hmrc.gov.uk/eis/
The above schemes can be used in conjunction with debt and
equity funding
Banks
Many of the major UK banks have developed a greater
understanding of the AD sector over the last few years. Some have
clearly made moreprogress than others, with some establishing
dedicated funds just for the renewable sector. They may offer
secured debt facilities for AD, withproject finance options in some
circumstances.
Contact: In the first instance you may wish to approach your
relationship manager within your own bank. You can also contact
ADBA fordirection to receptive banks.
Tel: ADBA: 0203 1760 503
Asset Finance/Leasing/Operating Lease
This can be available on parts of a plant, for instance, the CHP
unit, depackaging equipment, or materials handling machinery etc.
This facility canbe for terms up to 7 years and can also be used in
conjunction the eQuip scheme mentioned above.
Contact: Your bank is likely to have an asset finance/lease
subsidiary, so again initial contact with your bank is a good
start. A search ofthe internet should give you further options, or
contact ADBA.
Tel: ADBA: 0203 1760 503
Equity Investors
The equity investors can offer investment for larger individual
projects, or where the project involves multiple sites. Equity can
be a valuablealternative a route to funding, albeit of a more
specialised nature. It wont suit all developers and many projects
wont be suitable. Equity investorsworking in the AD sector tend to
have a good comprehension of this technology.
Contact: There is a number of specialists within this sector
managing funds for investment. They are best identified through
searching theinternet, or by contacting ADBA.
Tel: ADBA: 0203 1760 503
