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€50 Million Retrofit Scheme for SMEs Launched

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19 November 2024

On the 7th November, Minister for the Environment, Climate and Communications, Eamon Ryan TD, launched a new €50 million Business Energy Upgrades Scheme (BEUS) to help small and medium sized businesses to carry out energy efficiency upgrades. The scheme will provide substantial support to the SME sector to address energy costs and reduce emissions in their buildings, making them more sustainable and cheaper to run.

Funded by the Climate Action Fund and administered by the SEAI, the scheme offers up to €120,000 for a range of building upgrade measures including pumps, solar thermal, automatic controls, heat pumps, ventilation and wall insulation. In addition, support is offered to significantly enhance existing building management systems and for retrofit design activities. 

The scheme is open to all businesses and small public bodies who are upgrading a building they own or occupy. Applications can be made quickly and a decision and grant offer is guaranteed within minutes, enabling SMEs to act swiftly on energy-saving investments and progress without delay. This scheme is one of several initiatives that will continue the scale-up of retrofit activity over the coming years.

Read the full press release here.

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