08 Oct 2010 09:10:21
SMEs 'put off by cost of green policies'
The continuing effects of the recession mean British small and medium-sized enterprises (SMEs) are not investing in green improvements, new research suggests.
Lloyds TSB Commercial polled more than 500 small businesses in the UK, finding that around 30 percent had stalled the implementation of energy-efficient improvements because of the economic downturn.
Many blamed the cost of green improvements for their lack of action, while around 25 percent said the lack of clear policy surrounding environmental legislation was the reason.
Just 38 percent of the firms involved the survey said they had already taken steps to understand the risks climate change posed to their operations.
John Maltby, managing director of Lloyds TSB Commercial, said: "Coming out of the recession many firms do seem focused on the costs savings to be gained from environmental improvements, but many are being held back because they fear the cost of taking action."
The Carbon Trust claimed recently that, according to government statistics, SMEs account for 45 percent of business energy usage.