Stockport Economic Alliance has launched a new grant competition, Stockport Sustainable Business Challenge, to fund the installation of technologies that will increase resource efficiency in local SMEs.
The competition, funded by Stockport Council and supported by the Business Growth Hub, is inviting Stockport-based SMEs to compete for a share of the £50,000 pot to help fund projects that involve the use of new technology to reduce environmental impacts and deliver economic benefits.
Successful applicants will receive a grant of between £3,000 and £10,000 to cover up to 50 per cent of the total eligible costs of purchasing and installing technologies that will reduce the use of energy, materials, water or waste in operations and in turn deliver both cost savings and carbon savings.
The Challenge is seeking projects that can be implemented by 30 September 2015 and are able to evidence a strong return on the grant investment, including annual cost and carbon savings to the business.
Eligible projects may include, but are not limited to:
- Energy efficient lighting
- Heating, ventilation & air conditioning systems
- Energy management
- Manufacturing technology to improve process efficiency or reduce raw materials
- Equipment to reduce or reuse packaging material and waste
- Building insulation
- Rainwater harvesting
- Variable speed drives
- Voltage optimisation
- Waste heat electricity generation
- Heat recovery
- Solvent recovery
Applications must be submitted by 4pm on Thursday 30 April 2015 to be considered. For further information click here or call Stockport Council on 0161 218 1582.