Business Energy Upgrade Scheme will support small and medium businesses to improve energy efficiency and save costs.
On Nov 7th Minister for the Environment, Climate and Communications, Eamon Ryan, launched a new €50 million Business Energy Upgrades Scheme (BEUS) to support 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 healthier, more comfortable and cheaper to run.
The scheme, funded from the Climate Action Fund, offers up to €120,000 for a range of common 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.
The initiative will be administered by the Sustainable Energy Authority of Ireland (SEAI), with applications opening today. Building on the success of SEAI's Support Scheme for Energy Audits and the Non-Domestic Microgeneration Grant, which have collectively supported thousands of businesses in recent years, the Business Energy Upgrades Scheme promises to be fast and seamless.
An application can be made quickly by an SME, and a decision and grant offer can be generated within minutes. This addresses a key barrier for SMEs, allowing business owners to progress investments without delay and reducing the time spent accessing grant support. This new scheme is one of several initiatives that will continue the scale-up of retrofit activity over the coming years.
For more information check out the SEAI website https://www.seai.ie/grants/business-grants/rapid-approval