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SME Loan Fund

Loans for energy efficiency measures. Reduce your bills, cut your carbon and receive cashback up to £20k

Unsecured, interest-free loans from £1,000 up to £100,000

The SME Loan can be used for the installation of heating renewables and many energy efficiency measures (such as heating, ventilation, air conditioning, building fabric, and more).

It is funded by the Scottish Government which is committed to supporting small and medium-sized enterprises (SMEs) to reduce energy and resource costs.

Reducing operating costs improves your margins and can improve your competitive advantage. 

Apply for the SME Loan to help you install eligible measures and you will receive cashback on completion of your project, while funds last.


Eligibility, important information and cashback FAQs

The loan is available to Scottish businesses that fall within the EU definition of Small and Medium-sized Enterprise (SME), not-for-profit organisations, and charities. Full details on eligibility criteria, the full list of qualifying technologies, and frequently asked questions about cashback, can be found in the important information document.


Don't miss out

Over £26 million of unsecured, interest-free SME Loans already have been made available to help Scottish businesses purchase renewables and energy-saving equipment.

How cashback works

Cashback will be allocated on a first-come, first-served basis and subject to availability and will be awarded as follows: 

  • 30% of eligible costs up to a maximum of £10,000 can be claimed by qualifying applicants for any energy efficiency measures
  • 75% of eligible costs up to a maximum of £10,000 can be claimed by qualifying applicants for any air/ground/water source heat pump, biomass boiler or solar thermal renewable technologies.

A maximum of £20,000 cashback can be awarded to a single business for eligible technologies and across all of SME applications (previous or current).

Steps to secure your cashback

  • Complete the online enquiry form and follow the email instructions that will follow;
  • Our experts will help you to find ways to reduce your energy use (and bills). A written report will be provided that will include measures eligible for the loan;
  • Submit your loan application along with your report. 

Funds are limited and distributed on a first-come, first-served basis. Avoid disappointment and act now.

Start your loan application

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 “I would definitely recommend Zero Waste Scotland they have been absolutely fabulous with everything they’ve helped with. And I have advised other companies of the support that’s on offer”. Lorraine Graham, Director, ECG Joinery.

“Having the loan allowed us to spread the cost rather than having to try to find the capital to cover it.” 

Laura Hays, Thistle Help.




“Because of the interest-free loan and cashback, we were able to invest more money back into the business to basically bring the store up to a 5-star standard.” 

Richard Cook, MC Stores.

“The advice we received was very good in terms of selecting the right equipment and calculating the actual requirement of the office. If I hadn’t received the advice, I would likely have over-specified the units and the payback would not have been so quick. It was good to get an energy audit and make sure we were on the right track. The advice was clear and concise and made the application for the interest-free loan really straightforward.” 

David Owen, Director, Owen Farm Services.

COVID-19 update: payment holidays

Thinking of applying for an SME Loan? Talk to us on about applying for a payment holiday.


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