The UK Shared Prosperity Fund for Solar Panels (UKSPF):
Get up to 50% towards solar panels for your business with government funding.
The UK Shared Prosperity Fund is designed to support local projects that boost productivity, create jobs, and foster economic growth. With a focus on addressing regional disparities, the fund prioritises initiatives that promote innovation, infrastructure development, and skills enhancement. In recent years, there has been a growing emphasis on sustainability, recognising that long-term economic health is inextricably linked to environmental stewardship. The UK Shared Prosperity Fund for Solar Panels can fund up to 50% of your commercial solar panel installation.
Using The UK Shared Prosperity Fund for Solar Panels (UKSPF):
Eligibility
To be eligible to take part in the scheme, your business must:
Using The UK Shared Prosperity Fund for Solar Panels (UKSPF):
What eligible businesses will receive
An initial assessment including one-to-one support from a specialist advisor - you will be assigned a sustainability expert to guide you through every stage of the process. They will:
Carbon survey
You will get a free carbon survey of your business, to establish how much energy you use now and how you could save energy.
The report will identify energy saving improvements the business could invest in and provide a detailed breakdown of the carbon saving, cost, and return on investment for each, so you can decide what’s the right path to take.
Using The UK Shared Prosperity Fund for Solar Panels (UKSPF):
About the grants
As part of the Low Carbon scheme, businesses will have the opportunity to apply for funding towards eligible interventions identified in their carbon survey through the UK Shared Prosperity Fund for Solar Panels.
The grant will part-fund interventions, with the business making up the rest of the funding itself.
For projects costing up to £24,999, you can apply for a 50% grant contribution of £12,500.
For projects costing more than £25,000, you can apply for a grant contribution of between 10% and 50% of the project cost.
The minimum grant you can apply for is £1,500 (for a project with a total cost £3,000).
Using The UK Shared Prosperity Fund for Solar Panels (UKSPF):
Eligibility for grants
To qualify for a grant through the project:
- The measure must be identified in a carbon survey (recipients of Energy Audit reports delivered through the European Regional Development Fund (ERDF) funded Low Carbon Business Support project are eligible to apply if you did not receive a grant through that project)
- The investment you are applying for funding towards must be a capital project with a return on investment of more than one year – we can’t fund working capital or operational costs the interventions must deliver a net carbon reduction.
- Your business must not have previously received an ERDF Low Carbon Grant the investment must be set to complete by December 2024 tenants must have the permission of their landlord to make changes to the building fabric we cannot fund electric vehicles.