The Energy Saving Trust have just announced they are working with the Department for Transport to distribute £2 million in funding for the acquisition of e-cargo bikes. The main aims are to help businesses make green last mile deliveries while avoiding congestion charges and boosting the health of workers.
The Energy Saving Trust say the e-Cargo Bike Grant Fund is available to limited companies, sole traders, partnerships, charities and not-for-profits, and public or third sector organisations can also apply if they meet the eligibility criteria. The business has to have been up and running for at least 12 months, and the new bike(s) must be operated in England. The maximum number of bikes per application is 200, and the max amount of funding available for a single application will be £200,000 of the £2 million total pot.
The fund slashes the price of an e-cargo bike purchase by up to 20%, and the total saving to be made on a single bike is £1,000; for example, if a company successfully applied for funding and wanted to buy a £5,000 bike, they would only have to pay £4,000 if they were awarded a 20% discount. The bike must also have a minimum cargo capacity of 125 litres and a 130kg minimum weight limit.
With the new ULEZ congestion charge in London coming into force and pollution at record levels now is a good time for businesses to switch to sustainable delivery methods. DfT say the funding "aims to support the adoption of e-cargo bikes by businesses operating in England, offering a sustainable transport solution for urban deliveries, generating zero emissions and contributing to improved air quality."
The first round of funding closes in March 2020, with applications already being taken. To find out more if you think this scheme might be beneficial to you, your business or your employer, you can find out more and apply for funding on the Energy Saving Trust Website.