Carbon Trust’s Big Business Refit to help SME's slash energy bills

Carbon Trust announces launch of an advice and financial support scheme to help SME's. The programme set for launch in September could save SME's a total of £40million.

Posted on 28 August 2009

The Carbon Trust has announced this week that it is to launch the ‘Big Business Refit’, an advice and financial support scheme, to help small and medium sized enterprises (SME's) drive down their costs. 
The programme will encourage businesses to reduce their energy costs by scrapping old, inefficient equipment and replacing it with new energy efficient models using unsecured, interest-free loans. 
There has been recession-driven surge in demand for Carbon Trust loans and already this year hundreds of SME's have been given interest-free loans to equip their businesses with the latest energy-saving technology. These companies have saved an average of £14,000 each on their annual energy bills, a collective total of nearly £6million a year.

The loans can be used for equipment costing between £3,000 and £400,000 and are designed to pay for themselves through direct energy savings. There is a total of £100million in loans available and the Carbon Trust expects to help 3,000 SME's save a total of £40million off their annual energy costs.

The top choices among SME's that have taken a Carbon Trust loan in the first six months of 2009 are:

  • New energy efficient lighting and lighting controls, a key way for any business to save money, providing annual savings of nearly £1m for the companies helped so far. 
  • Replacement air compressors, used for powering pneumatic tools, providing annual energy savings of £400,000. 
  • Mechanised materials handling equipment, such as cranes, which are used to load heavy equipment, providing annual savings of £400,000.

David Caro, FSB Energy & Environment Chairman for the Federation of Small Businesses (FSB), said:
“The Carbon Trust’s interest-free energy efficiency loans offer SME's a chance to improve their bottom line as well as proving their green credentials.   These loans will help small businesses significantly cut their costs over the long term as well as helping them to play their part in moving towards a low carbon economy.”

For more information about Carbon Trust loans, click here.

Posted under Energy Efficiency on 28 August 2009