Target 2020 is a business energy efficiency programme that is here to help small and medium sized businesses identify and reduce their energy costs and impact on the environment through the installation of energy efficiency measures.
The programme is open to eligible SME's in Gloucestershire and Worcestershire.
Severn Wye Energy Agency are an independent charity and not-for-profit company with a mission to provide practical expertise for more energy efficient and sustainable living.
Worcestershire Target 2020 Project
Funded by the European Regional Development Fund, the Worcestershire Target 2020 Project will support 200 Worcestershire based small and medium sized enterprises over three years.
Gloucestershire Target 2020 Project
Funded by the European Regional Development Fund, the Gloucestershire Target 2020 Project will support 300 Gloucestershire based small and medium sized enterprises over three years.
Is your organisation able to take part?
The Target 2020 programme is open to all SMEs in Gloucestershire and Worcestershire
What is an SME? An organisation can be classed as an SME if the following apply:
- Fewer than 250 FTE employees
And an annual turnover ≤ €50m and/or a balance sheet total ≤ € 43m
Exceptions: the following sectors are not eligible for the Target 2020 programme;
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 and organisations who receive more the 50% of main funding from central or local government
Retail businesses are able have the energy efficiency survey, but are not able to receive the capital grant towards energy efficiency measures.
Energy Data Analysis
Prior to the survey we ask participants to provide us with at least a year’s worth of utility bills (gas, electricity and water). This allows us to establish a baseline for the organisation and can help identify trends in the energy data – be that seasonal, monthly or weekly.
The more data you can provide the better the analysis an advisor can do and the more accurate the predicted savings in the final report will be.
The site survey will consist of a brief chat with management. Our business energy advisor will want to confirm hours of operation and to see what measures have already been considered and discounted and why. They would also want to find out what you might be keen to consider.
Then the business energy advisor will look around the entire site to assess opportunities that include heating & hot water, insulation, lighting, process energy (motors drives, cellar services etc.), user behaviour and renewable energy savings e.g. PV solar panels.
Depending on the size of the premises the survey will usually take an hour or two.
Confirmation of Grant
Once approved, you will be sent two copies of the grant confirmation letter, additional terms and conditions and the grant claims form.
One of the confirmation letters will need to be signed and returned to confirm that you will be moving forward with the installation. (The claims form is not returned at this time.)
The grant offer remains valid for 3 months from the date of the grant confirmation letter, unless agreed otherwise.
Getting Quotes for Measures
Certified copies of the quotes will need to be forwarded to your business energy advisor highlighting which quote is being accepted before the grant amount can be confirmed.
- If the measure being installed costs less than £25,000 then only one quote is required. However we recommend that at least three are obtained.
- If the measure being installed costs £25,000 or more then you will be required to enter into a formal tender process.
We will also need to know if your company is VAT registered. Reclaimable VAT is deducted from a quote prior to calculating the 35% grant.
Presentation of Report
Each SME will receive a bespoke energy report. The report will be presented by our experts to the organisations management team for consideration. All of the recommendations are summarised at the end of the report and broken down into no cost, low cost and capital cost measures.
There is also a recommendations section for which measures would be suitable for grant funding. The advisor is happy to follow up the report with extra research into specific measures where required.
Install the Measures
The installation can take place after the grant confirmation letter has been received.
Reclaim the Grant
Once the installation has been completed and paid for you can claim the grant.
This will require:
- Completed claims form including bank details for bacs payment
- Redacted bank statements showing the funds going to the installer
- Photos of the newly installed equipment
The grant will be paid within 4 weeks of receiving all of the documentation.
You will also receive a de minimis statement to confirm the value of the service provided.
As part of the programme we are keen to create case studies on all installations. These will be published on this website and promoted on social media and shown at industry events.
Drafts of any case studies will be shown you prior to publication. In some circumstances case studies will be created prior to any installations taking place to highlight findings of the survey process.