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Increased low carbon loan funding available for Scottish fleets and drivers

The Low Carbon Transport Loan Fund has doubled to £7.8m, enabling a growing number of commuters, businesses and Hackney cab drivers in Scotland to implement electric vehicles and other low carbon measures.

Open for applications now via the Energy Saving Trust, the interest-free loans from the Scottish Government can be repaid over a period of up to six years. Individuals can apply for to £35,000, while businesses can access up to £100,000.

Humza Yousaf, Minister for Transport and the Islands, said: “Our aim is to help support the move to low carbon road transport by getting more electric vehicles on the road, and, where there are not currently electric alternatives, make the existing fleet more efficient.

“This £7.8m investment in interest free loans presents a significant increase on previous years funding and presents a fantastic opportunity for those who have been seriously considering purchasing an electric vehicle.

Businesses can use the loan for a range of other sustainable transport projects including installing vehicle telematics, video conferencing and cycling facilities.

In addition to the loan, the existing UK Government Plug-In Car and Van Grant scheme offers grants of up to £4,500 for those buying a new electric car and £8,000 for a van (discounted at purchase point).

Applications are open now and will be accepted up to 31 March 2017, or until all funding has been allocated.

Businesses can apply for the loan by contacting their local Energy Saving Trust transport advisor on 0800 0931 669. For more information, visit Commuters and private motorists can apply for the loan through Home Energy Scotland on 0808 808 2282.

For more of the latest industry news, click here.

Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.

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