The City of Brussels investment company, Finance&invest.brussels, launched on Thursday the “Energy&Reno” loan – a new financial product designed to help small businesses reduce their energy consumption.
“Energy&Reno” is part of the Renolution program of the Brussels Region, announced the Brussels Secretary of State for Economic Transition, Barbara Trachte (Ecolo).
Faced with rising energy costs, the Brussels Regional Government is mobilising its economic tools to help companies, especially the self-employed and small businesses, to get through the crisis while accelerating their energy transition.
More precisely, the Energy&Reno loan should allow the targeted companies to invest in efficient, sustainable and low-consumption equipment and, consequently, to reduce energy expenses and Co2 emissions.
It is aimed in particular at insulation work (roof, external walls, floor, high-performance glazing), photovoltaic systems, heating systems (heat pumps, solar water heaters, etc.) and thermal regulation.
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These unsecured loans, at a preferential rate of 2%, cover amounts between €10,000 and 150,000, for a period of up to 7 years. A grace period (where only the interest is reimbursed) of maximum 24 months could be granted.
These loans can be used for material investments but also to cover the cash flow needed during the work. According to Trachte, they can cover up to 100% of the financial need.
In addition, investments made from July 2022 onwards can also be taken into account. All information is available on the website of finance&invest.brussels and on 1819.brussels.
