Growers and farmers eligible to apply for interest-free loans from Carbon Trust

The NFU has been working with the Carbon Trust and Defra to make grower and farm businesses eligible for the trust's interest-free loan scheme.

The new funding has been provided to help the industry meet the carbon reduction aims laid out in the Government's Low Carbon Transition Plan.

The target is to distribute around £12m of loans to some 1,000 farmers and growers, saving them £4m every year in energy costs.

Growers in England can apply for unsecured, interest-free loans of between £3,000 and £20,000 from the Carbon Trust to upgrade to more energy-efficient equipment.

These loans, provided between one and four years, are designed to pay for themselves through the direct energy savings that growers are expected to make once their new equipment is up and running. Once repaid, growers will benefit from savings on energy costs, as well as a reduced carbon footprint.

- For further information, visit www.carbontrust.co.uk


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