EfW DEVELOPMENT GUIDANCE - Wrap
EfW DEVELOPMENT GUIDANCE - Wrap
EfW DEVELOPMENT GUIDANCE - Wrap
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WRAP – <strong>EfW</strong> <strong>DEVELOPMENT</strong> <strong>GUIDANCE</strong> – September 2012<br />
5.0 WRAP eQuip Scheme<br />
The eQuip leasing scheme has been set up by WRAP to help companies secure<br />
financial assistance for new and second hand recycling plants and machinery,<br />
through guaranteeing the future value of plant machinery which is leased. Financial<br />
benefits from the scheme include:<br />
• VAT is charged on each individual rental payment, removing the need for it to be<br />
paid up front;<br />
• lease facilities are generally not payable on demand or subject to annual reviews;<br />
and<br />
• all rental payments made by the company can be set against tax liabilities<br />
To qualify for the scheme, a business must sort, reprocess, recycle or manufacture<br />
products using one of a range of materials that include plastic, organics (In-Vessel<br />
composting or Anaerobic Digestion only), textiles, glass or wood (only treated/<br />
contaminated wood). eQuip can support waste to energy applications but it must be<br />
clearly demonstrated that there is no higher value use for the material.<br />
The eQuip scheme has been designed to process applications quickly - with<br />
applications for equipment up to £250,000 processed in less than one month, and<br />
applications over £250,000 taking a maximum of eight weeks from receipt of the<br />
completed application form. Further details and the application form can be found at:<br />
6.0 Additional Sources of Information<br />
6.1 The Knowledge Transfer Network<br />
Provides advice on funding and networking and recently launched the Energy<br />
Generation and Supply Knowledge Transfer Network which is a useful on line<br />
resource to find funding and partners.<br />
https://connect.innovateuk.org/web/energyktn/overview<br />
6.2 The British Private Equity & Venture Capital Association<br />
The industry body for the private equity and venture capital industry in the UK.<br />
http://www.bvca.co.uk<br />
6.3 The Green Grants Machine<br />
A source of information on grants, loans, awards and other funds available to help<br />
businesses go green.<br />
http://www.greengrantsmachine.co.uk<br />
http://www.wrap.org.uk/content/equip-leasing-made-easy-0<br />
Funding<br />
Home<br />
Funding<br />
Feasibility and<br />
Good Practice<br />
Planning<br />
Environmental<br />
permitting<br />
regulations<br />
Feedstock Outputs Financial<br />
Incentives<br />
Waste<br />
Incineration<br />
Directive<br />
Glossary<br />
Guide<br />
page 6
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