Fuel Tank - FAcourtyard09-hero

How to apply for green funding

How to apply for green funding

The availability of green support and funding has grown rapidly over the last few years. There are now a wide range of initiatives available for start-ups and small businesses involved in eco-innovation, carbon reduction and energy-efficient projects. Applying for green funding can be a complicated process as many grants and loans have strict eligibility criteria.

Finding the right package

There are a huge range of green grants and loans available. Finding the right one involves searching in the right places. The majority of funds are awarded by:

Most packages are for projects in very specific areas such as renewable energy or improving access to environmentally-friendly transport.

Analyse eligibility criteria

Before applying for green funding you should study the eligibility criteria carefully. Grants are often more restrictive than loans, although both will often include terms that must be met in order for your application to be considered. For example, some EU grants require applications from consortiums made up of a minimum of two to three businesses. Other grants may require you to match the funding yourself, either from existing company assets or as a new investment. Reading the eligibility criteria carefully ensures you won’t waste time submitting an application that has no chance of being accepted.

Making a solid proposal

Most green grants or loans will require you to provide the following:

  • Project overview – what your project is and how it fits in with the ideals of the awarding organisation
  • Business model/plan – evidence of a cogent and sustainable business model that promotes eco-friendly ideals whilst remaining profitable
  • Project timeline and costings – how long the project will take, its major milestones and the associated costs of each development stage
  • Green benefits – the eco-benefits to local communities and the environment as a whole
  • Senior team – information on your experience in the sector and that of your senior management team

These details will need to be provided in addition to any application forms required. Most grants and loans are approved or rejected without interview although there may be an additional stage that you’ll need to prepare for.

Getting rejected

If you are rejected, remember that green funding is extremely competitive. If you are allowed to reapply then do so, but consider reworking your proposal in order to appear more attractive. You may wish to consult a professional. If you’re not allowed to reapply, there are a significant number of green funding opportunities around so try another source. Consider partnering with other small businesses in your area and applying as a consortium; the EU in particular awards substantial financial help to consortiums.

Related Articles

Take a Seat - Sustainability Team

Meet the Team: Sustainability Special

Celebrate Women's History Month with a glimpse into the powerhouse trio leading the way for sustainability at Workspace. We take a seat with Sonal Jain, Ariane Ephraim and Mel Gooding - three women in business with a passion for the planet and delve into some hot energy-saving topics. Plus, we hear the ins and outs of what it takes to save the world, one Workspace at a time.
14 March 2024
Fuel Tank, 8-12 Creekside, London, Cafe
09 January 2024

Our top 8 tips on how to enjoy a sustainable Christmas

It’s so easy to be sustainable. From buying vintage gifts to making your own wrapping paper and planting trees instead of digging them up, we’ve gathered together eight ways to still have a fabulous time, but to do it in a guilt-free fashion. Think of it as your present to planet earth.
23 November 2023
Call to enquire about our spaces and meeting rooms
0203 944 7630 Mon-Fri 9am-5.30pm
Call our friendly team

Mon-Fri 9am-5.30pm