£7.8m for Scotland’s Low Carbon Transport Loan Fund

The Scottish government has announced that £7.8 million is being made available to Scottish drivers through the Low Carbon Transport Loan Fund.

The fund gives businesses and individuals the opportunity to apply for an interest free loan to support a move away from petrol and diesel cars to greener transport solutions.

Individuals can apply for to £35,000, while businesses can access up to £100,000, to make the switch to electric vehicles (EV). Businesses can also use the  loan for a range of other sustainable transport projects, including installing vehicle telematics, video conferencing and cycling facilities.

Humza Yousaf, Minister for Transport and the Islands, said: “The Scottish government has set a clear vision of freeing Scotland’s towns, cities and communities from the damaging emissions of fossil-fuelled vehicles by 2050.

“Our aim is to help support the move to low carbon road transport by getting more electric vehicles on the road, and, where there are not currently electric alternatives, make the existing fleet more efficient.

“This £7.8 million investment in interest free loans presents a significant increase on previous years funding and presents a fantastic opportunity for those who have been seriously considering purchasing an electric vehicle.

“Making the switch to electric, enables businesses and individuals to make a direct contribution to local air quality, whilst also improving the health and wellbeing of our communities.”

Applications are now open and will be accepted up to 31 March 2017.

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