Interest Free Loans from The Carbon Trust
As an approved supplier of the ‘Carbon Trust’, Shawline are able to secure interest free loans on behalf of our customers, to replace power consuming reflow ovens with modern energy efficient units.
Based on a ‘like for like’ swap out, the loan is designed to cost no more than the monthly savings in your electricity bill.
The loans are especially targeted at ‘Small and Medium Enterprises’ (SME’s) in the UK. Repayments can be made between 12 and 48 months and are ‘unsecured’.
All Carbon Trust projects are automatically eligible for ‘Enhanced Capital Allowances’ (ECAs). The ECA scheme provides businesses with 100% first year tax relief on their capital expenditure. Normally, businesses can only offset annual depreciation or ‘write down’ of capital equipment purchases against corporation tax. An ECA enables a business to offset the total cost of their investment in the first year, irrespective of the duration of the payback.
There isn’t one. The Carbon Trust has targets to meet with energy reduction. The EU is funding it. The energy savings have to be real, and the business has to be valid and eligible against the usual creditworthiness ‘good practice’ criteria.
Shawline has over 20 years experience in the PCB assembly capital equipment market, both commercially and technically. We have sought out ‘best in class’ energy efficient reflow ovens that fulfil ALL carbon trust criteria. Shawline has pioneered carbon trust interest free loans for reflow ovens and will take care of
| BTU VIP 98A 7 zone Double Sided Heating | Manncorp CR6000 6 zone Double Sided Heating |
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Start-up KVa: 73 amps for 60 mins* Running KVa: 48 amps* Annual KVh based on single shift: 113,622 Electricity Cost Per Unit (pence): 9.54p Annual Running Cost (pounds): £10,839.50 |
Start-up KVa: 25 amps for 14 mins* Running KVa: 12 amps* Annual KVh based on single shift: 25,940 Electricity Cost Per Unit (pence): 9.54p Annual Running Cost (pounds): £2,474.66 |
Annual Saving (£): £8,364.84
Annual Saving (CO2 Tonnes): 48.05
Maximum Loan Awarded: £28,000.00
Repayments: £583.33 monthly
Equivalent Monthly Saving: £702.01
On this occasion, the total project costs amounted to £ 31,450
The funding shortfall was £ 3,450
Enhanced Capital Allowance (ECA) enabled a corporation tax saving of £ 6,604.50 (based on corporation tax rate of 28% and PBIT of £100k)
Contact Adrian Short today on +44 (0) 7799 263832 adrian.short@shawline.co.uk
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Replacing Your Reflow Oven |
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Interest Free Loans from The Carbon Trust |