£10 million of additional funding is being made available to help support Welsh businesses to reduce their carbon footprint.
First launched in March 2023, the Welsh Government’s Green Business Loan Scheme is now being extended to £20 million with funding available until 2028.
To date, over 30 Welsh businesses have benefitted from tailored support through the scheme, which is delivered by the Development Bank of Wales, with forecasted carbon savings of more than 28,000 tonnes over the lifetime of their projects.
Mold-based Thorncliffe Building Supplies received a £3.2 million loan to invest in a new wash plant and water treatment system that will reduce the company’s use of landfill.
As one of the largest independent builder’s merchants in North Wales, Thorncliffe Building Supplies provides an extensive range of building, timber, steel, plumbing and heating supplies, and plant hire, along with a waste management and skip hire service.
With five sites across North Wales in Dyserth, Ewloe, Rhuddlan, Wrexham and Abergele, Thorncliffe is owned and managed by husband-and-wife duo Deborah and Tim Harper. Established in 1987, the company now employs 265.
With a simple application process, the Green Business Loan Scheme supports a broad range of energy efficiency and low-carbon technologies, including heating, ventilation, heat pumps, waste management solutions, and building fabric improvements.
For more information and guidance, visit Extra £10 million to support Welsh businesses on their journey to net zero | GOV.WALES and Green Business Loan Scheme - Development Bank of Wales
The Green Growth Pledge helps Welsh businesses take pro-active steps towards improving their sustainability, demonstrating their positive impact on the people and places around them. Sign up today: Green Growth Pledge | Business Wales (gov.wales)