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Many factories throughout the UK haven’t upgraded their heating systems for a number of years, as they’re worried about the additional costs which aren’t feasible at this current time. If your factory falls into this category, then you could significantly benefit from the Enhanced Capital Allowance (ECA) scheme, which will enable you to buy high quality factory heating solutions from your local heating specialists. What Is the ECA? The Enhanced Capital Allowance scheme was first introduced by the Government in 2001 to encourage small and medium businesses to invest in low carbon and energy saving equipment, in a bid to cut the UK’s carbon footprint. The basic principal of the ECA is to offer financial support to businesses that are looking to improve their plant equipment and machinery; and as such the scheme enables businesses to claim 100% of the first year’s capital allowance on all qualifying machinery, including a range of factory heating solutions. Through being able to claim the first year’s capital allowance, you can see your factory receive a valuable cash boost, whilst also seeing productivity in the workplace improve as the working conditions are further enhanced. How to Quality: Qualifying for the ECA is straightforward and highly rewarding. You'll need to be a SME who has been trading within the UK for a minimum of twelve months. If your company qualifies, then you’re eligible to join the thousands of businesses who over the last ten years have borrowed between £5,000 and £200,000 in unsecured, interest free loans, which are repayable over a four year period. Along with your business qualifying, the equipment you’re looking to purchase to help improve your factory’s environment also needs to qualify for the scheme. You’ll be able to find the accepted criteria through the government's dedicated website. How to Claim: If you and the heating solutions you’re looking to purchase qualify for the ECA, then you can claim for a loan within the above price-band. Claiming for the ECA couldn’t be easier, as many businesses who supply products which qualify for the scheme are on hand to offer professional and honest advice and guidance for the application process – giving you the best chance of receiving the funds you require. So if you’re looking to reduce your factory’s carbon footprint whilst saving money, then the ECA approved factory heating solutions available through your local heating specialists could be the ideal solution. For more information about the ECA or the heaters which qualify, contact your local heating specialists. Written by Michael Younger, content writer for Creare, a specialist SEO company.
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