02 Nov 2007 04:11:26
Carbon Trust loans help SMEs go green
The Carbon Trust has launched a campaign to help small and medium-sized enterprises (SMEs) fight climate change.
The Energy Efficiency Loans scheme allows companies to apply for an interest-free loan to replace or upgrade equipment to more energy-efficient models.
This year there will be almost £27 million available for SMEs to reduce carbon emissions and cut costs. In the 2006/07 period, the scheme offered £18 million and helped businesses to reduced their emissions by 50,000 tonnes of CO2, and make annual savings of nearly £7 million.
Many managers know that they can make cost savings by switching to greener products, but Carbon Trust research has found that a great number have failed to do so.
"SMEs account for around 20 per cent of the country''s overall emissions so it is essential they are supported to act on climate change," said the Carbon Trust''s Michael Rea.
"We are significantly increasing our interest free loans pool to help more businesses invest in new energy efficient equipment, save money and cut their carbon footprint.
"We have also launched a range of new online tools designed with SMEs in mind, to help them reduce their carbon emissions and cut costs."