First launched in March 2023, the Welsh Government's Green
Business Loan Scheme is now being extended to £20 million with
funding available until 2028.
To date, over 30 Welsh businesses have benefitted from tailored
support through the scheme, which is delivered by the Development
Bank of Wales, with forecasted carbon savings of more than 28,000
tonnes over the lifetime of their projects.
Mold-based Thorncliffe Building Supplies received a £3.2 million
loan to invest in a new wash plant and water treatment system
that will reduce the company's use of landfill.
As one of the largest independent builder's merchants in North
Wales, Thorncliffe Building Supplies provides an extensive range
of building, timber, steel, plumbing and heating supplies, and
plant hire, along with a waste management and skip hire
service.
With five sites across North Wales in Dyserth, Ewloe, Rhuddlan,
Wrexham and Abergele, Thorncliffe is owned and managed by
husband-and-wife duo Deborah and Tim Harper. Established in 1987,
the company now employs 265.
Managing Director Tim Harper said:
We are constantly evolving as a business to diversify and
strengthen our customer offering while remaining compliant with
regulatory and legislative requirements.
Reducing waste and cutting our carbon emissions is a key priority
for us hence our decision to invest in a new washing plant. This
will allow us to process our construction waste and sub-soil
on-site rather than use landfill.
The facility will wash and sort the waste into different grades
of aggregates that can then be re-sold so it's a win-win all
round.
Cabinet Secretary for Economy, Energy and Planning, , said:
This £10 million extension to the Green Business Loan Scheme
demonstrates the Welsh Government's commitment to supporting
businesses on their journey to net zero. We are ensuring even
more firms can access the support they need to reduce their
carbon footprint while strengthening their competitiveness.
With over 30 businesses already benefitting and forecasted carbon
savings of more than 28,000 tonnes, there is clearly a strong
appetite for sustainable innovation amongst Welsh enterprises who
are supporting our ambition to grow the economy.
Bethan Cousins is New Business Director for the Development Bank.
She said:
The success of the Green Business Loan Scheme is a testament to
the ambition and innovation of Welsh businesses in tackling
climate change.
Thorncliffe is a great example of how the scheme is helping
businesses across Wales to ‘invest to save' by providing loans
with discounted interest rates to make energy efficiency
improvements and implement decarbonisation initiatives.
This further investment from Welsh Government will ensure we
continue driving meaningful change, supporting businesses of all
sizes to adopt technologies that reduce emissions and strengthen
energy resilience.
With a simple application process, the Green Business Loan Scheme
supports a broad range of energy efficiency and low-carbon
technologies, including heating, ventilation, heat pumps, waste
management solutions, and building fabric improvements.
For more information and guidance, visit: Green Business Loan Scheme
- Development Bank of Wales
