Friday, May 27, 2016

News: £7m Green Business Fund to cut costs and save energy for British businesses

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The Carbon Trust has launched a new £7m Green Business Fund and local firms can hear about how it can be used to save energy and cut costs at an event in Rotherham next week.


The Carbon Trust is a not-for-dividend company that provides expert advice, footprinting and technology services to help business, governments and organisations worldwide cut carbon emissions and costs.

The fund provides vital capital for smaller businesses to replace old, power-guzzling equipment, together with expert advice to boost the efficiency and productivity of businesses in England, Scotland and Wales.

The £7m fund has been made available to SMEs on a first come-first served basis, and will offer energy saving training, cost saving assessments, implementation advice, and capital support for the installation of energy efficiency equipment. Eligible companies can apply for a capital contribution to cover up to 15% of an energy efficiency project or equipment replacement cost, up to a maximum of £10,000. 

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The fund can also be used to purchase a range of equipment, including energy efficient lighting, Heating, Ventilation and Air Conditioning (HVAC) and energy efficiency controls – vital equipment across a range of business sectors, including manufacturing, retail, and hospitality. 

The scheme is expected to support 1,000 to 2,000 smaller businesses across England, Scotland and Wales. It is expected to enable participating businesses to invest £55m in energy saving projects which would deliver them lifetime energy savings of almost £130m. The programme will focus on high quality implementation to ensure the best energy efficiency opportunities are fully realised.

Hugh Jones, managing director, Advisory, at the Carbon Trust, said: "Our experience of working with thousands of companies across the UK indicates that year-on-year savings of 20% to 30% can be delivered through action on energy efficiency.  We'd encourage smaller companies to apply to make the most of the fund on offer in order to realise significant savings on their bottom line."

South Yorkshire Police's Training Centre - Robert Dyson House - is hosting one of the first Green Business Fund two hour workshops for SMEs to learn how to make the most of the funded services available, and apply for up to £10,000 capital contribution towards energy efficient equipment purchase, plus how to identify opportunities to reduce energy costs.

The Manvers workshop takes place on June 2 at 9:30.

Carbon Trust website

Images: Carbon Trust

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