Development Bank of Wales - Green Business Loan

Discounted loan of £1,000 to £1.5 million at 2-4% below market rates, plus a grant component of up to £10,000 (50% of costs). Extended to 2028 with £20 million available. Covers a wide range of energy efficiency and renewable energy technologies.

Funding Amount

Loan: £1,000 - £1.5m (discounted rates) | Grant: up to 50% of costs, max £10,000

Deadline

Extended to 2028 — rolling applications

Eligibility Checklist

Welsh-based business (registered in Wales)

Any business size eligible

Project must reduce carbon emissions or energy use

All sectors eligible

Required Documents

1
Business registration in Wales
2
Business case and project proposal
3
Installer quotes for proposed work
4
Energy audit or assessment (recommended)
5
Financial statements (for loan assessment)

Step-by-Step Application Process

Contact Development Bank of Wales or apply online

Discuss your project with a business development manager

Submit business case and project proposal

Feasibility assessment by the Development Bank

Receive loan offer and sign agreement

Complete the project installation

Loan disbursed and grant paid on completion

Key Conditions & Gotchas

!Welsh businesses only
!Grant component (up to £10k) is separate from the loan
!Discounted interest rates are 2-4% below market
!Capital repayment holidays available
!Energy consultant support available through the scheme
!Extended to 2028, providing planning certainty

Grant Stacking

Can typically be stacked with Welsh Government grants and UK-wide capital allowances.

Ready to Apply?

Visit the official application portal or book a free consultation with our team.

Official Portal