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Asset Finance (Renewables) – Hertfordshire

Biomass Boiler funding requirement £147k

The situation

A farmer produced a large quantity of chippings, logs and sawdust. After some research the farmer realised that he could covert this into pellets and use as fuel for a biomass boiler. The boiler could then in turn produce enough heat to replace his current oil filled boiler, and electric heaters through his home, farm and workshops. Various grants were available and a specialist company brought in to assist with calculations, costings and install.

The solution

After ensuring that the costings, forecasts, cash-flow, accounts and profile was suitable for finance, a set of Indicative Terms were issued within 72 hours for a 100% funding proposal. The payments were 100% tax deductible and were over a flexible term of 36,48 or 60 months, giving the client enough scope to decide which best fit their cash-flow.