Is Target 2030
for us?

Is my business eligible?

Eligibility criteria

Fewer than 250 employees
Annual turnover not exceeding €50m / balance sheet not exceeding €43m
Based in Gloucestershire

Ineligible businesses

All SMEs in Gloucestershire are eligible for Target 2030 support, except if your company’s primary trade is the following sectors:

fishery and aquaculture sectors supported by EFF
primary production, processing and marketing of agricultural products, supported by EAFRD
coal, steel and shipbuilding sectors
the synthetic fibres sector
generalised (school age) education
banking and insurance companies
organisations that receive more than 50% of their main funding from central or local government

What do I need to provide?

Before the survey

In order to give you the most accurate report on your company’s energy efficiency, you will be asked to provide your Business Energy Advisor with the following:

  • 12 months of energy data
    This should be available via your energy provider. If you can provide us with half-hourly data, this will greatly improve the accuracy of the recommendations we are able to give you.
  • An application form
    We cannot complete a survey without a signed application form to confirm your participation in the programme and declare that you meet the eligibility criteria. This form will also ask for optional information that help us to analyse how businesses like your use energy. This information includes the approximate size of your property, how long you have been trading and how much of your trade is B2B.
  • A State Aid declaration
    Target 2030 business support is free of charge to your business, but it is considered as ‘State Aid’ under the De Minimis exemption category. In the interests of competition fairness, SMEs are allowed to receive up to €200,000 in State Aid in any single three-year period. You will be asked to declare any De Minimis support received in the last three years to ensure you are not in danger of going over the limit.
When applying for the grant

If you wish to take advantage of the Target 2030 carbon saving grant by installing energy efficiency improvements, you will need to provide some additional paperwork:

  • An application form
    This will ask you about your VAT status, some eligibility questions to confirm that you have not begun work on any measures you are seeking funding for, and the installers you have chosen to complete the work.
  • Quotations
    To work out how much grant funding you will receive, you will need to provide evidence throughout the process. Scanned copies of the quotations you receive in relation to the proposed improvements will be used to determine your grant. If the works are in excess of £25,000 in value, they will need to undergo a formal tender process.
Before receiving the grant payment

We reimburse 30% of the total cost of installation after the work has been completed. Before we can release the funds, the following will be required:

  • Evidence that the work has been done
    You will need to provide photographs, invoices and bank statements that prove that the work has been carried out as expected. If you have paid by credit card, you will need to show that the credit card has been paid off.
  • Bank details
    We will make the grant payment within 40 days to the business bank account you specify.

What can we receive funding for?

Unsurprisingly, the 30% grant funding available from Target 2030 is very popular, and we expect most companies that participate in the programme to take advatange of the opportunity.

Essentially, any improvements that result in a reduction in carbon output are eligible.

Since 2017, a wide range of improvements have been funded through our ERDF grants. These include (but are by no means limited to): 

  • LED lighting
  • Lighting Controls
  • Boilers/Heating plant
  • Heating / Cooling controls
  • Free cooling in Beer Cellars
  • Specialist equipment (e.g. compressors, manufacturing tools)
  • More efficient refrigeration equipment
  • Heat recovery systems
  • Insulation – loft, wall, pipework
  • Window coating
  • Solar installations (providing no feed-in-tariffs are claimed)