The Energy Resilience Fund is blended loan and grant finance to enable Co-operatives, community businesses and social enterprises to retrofit energy generating/saving technology on community owned or managed buildings, with an initial focus on stabilising or reducing energy costs.

Fund Information:

• Investment amounts from £10,000 to £150,000.
• Up to 40% of the total is available as a grant, where justifiable to support cost stabilisation or reduction.
• Energy Audit Grants are available for costs between £500 and £2,500, where these have not been completed.
• Minimum Term 12 months, Maximum Term 7 years.
• Interest Rate – 6.5% flat (11 – 12% APR)
• Arrangement Fee – 1%.
• Security – mainly unsecured.

Eligibility:

• Own your building or have a significant lease (12 years or more).
• Been declined by a bank.
• Be a social enterprise.
• Have clear social aims and objectives.
• Based in England.

The target is high energy users, working in deprived communities or with marginalised groups/s.  

For more information contact:

Tim Coomer, Business Development Manager
tim@coopfinance.coop / 07342 674673

or

Kevin Lloyd-Evans, Lending and Relationship Manager
kevin@coopfinance.coop / 07506 336535

This is a time limited pilot partnership led by the Key Fund with funding and support from the Access Foundation, Power to Change, Big Society Capital and Barrow Cadbury Trust.