Green SME news – by GreenWise staff
14th October 2015
Small and medium-sized commercial office businesses in the UK are overspending by over £82 million per annum on their energy bills as a result of inefficient technology and old equipment, according to new analysis.
The EEF scheme launched in 2011 to unlock business investment by providing finance for green technologies, such as low energy lighting, solar PV, energy-efficient motors, low carbon air conditioning or biomass heating. The scheme aims to make finance for the acquisition of energy efficient and renewable energy equipment more accessible and affordable for companies, in particular SMEs.
Myles McCarthy, managing director of Carbon Trust Implementation Services, said: “By investing in energy-efficient equipment as well as renewable energy technology, businesses can reap significant energy savings and cut down on their energy bills. Any sort of green investment is a step towards saving money, improving business competitiveness, and being a responsible citizen. Organisations that recognise the long-term benefits brought by energy efficiency will no doubt be better positioned than their competitors to grow their businesses more sustainably and profitably.”
Richard Baker, sales manager, Energy Efficiency Financing scheme, commented: “Today’s tightened credit environment makes it increasingly difficult for SMEs to obtain affordable funding as traditional lenders have become more risk-adverse in their lending policy.”
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