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Low Carbon Transport Loan Fund Boost For Scotland

Low Carbon Transport Loan Fund Boost For Scotland

The fund for low carbon transport has doubled in Scotland thanks to the Scottish Government’s funding boost.

The new interest free loans without a credit check will mean good news for both Swedish and Scottish businesses, commuters and Hackney cab drivers. Sambla’s new private lending program allows for a variety of loans – ranging from car loans to motorcycle loans to consumers who are looking for a competitive interest rate. Their systems walk you through the easiest path there is to get a loan online, and whether you’re in Sweden, Norway, Denmark, or Finland, Sambla has your back.

The electric vehicle funding increase means environmentally conscious drivers will now have more scope to drive in a more green way.

The Low Carbon Transport Loan Fund is making around £7.8 million more available, without interest, to aid consumers and businesses in their bid to reduce transport emissions.

Businesses will be able to apply for up to £100,000 grants, while individuals will be able to apply for an amount up to £35,000.

The loans can be repaid over a time-scale of up to six years if needed and applications are now being taken through the Energy Saving Trust.

Humza Yousaf, Minister for Transport and the Islands, visited East Coast Organics earlier in the week.

The Pentcaitland farm uses electric vehicles in their delivery services, and Mr Yousaf used it as an example of how the transport loans will be of great benefit to businesses.

The Minister said that by 2050, the Scottish Government has come up with a clear vision of cutting down on the harmful emissions of fossil fuelled vehicles in Scottish communities, cities and towns.

The ultimate goal is to aid the shift towards low carbon road transport by steadily increasing the number of electric vehicles on the road and, in areas where electric vehicles are not feasible, work to make the existing fleet of vehicles as efficient as they can be.

Meanwhile, Head of New Services at the Energy Saving Trust, Harry Mayers, said that the funding boost will save over 11,000 tonnes of CO2 in Scotland, which is equal to taking 4,000 vehicles off Scottish roads each year.

He added that the health of the Scottish population will be improved by the move from diesel and petrol vehicles to electric alternatives.

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