Interest-free loans to help SMEs cut carbon

SMEs could be missing out on business energy savings because of a lack of time and training, according to the Carbon Trust.

Interest-free loans to help SMEs cut carbon

To remedy this the trust have announced they have stepped up their Energy Efficient Loans campaign, having committed almost £27m this year – nearly double the amount available last year.

The interest-free loans are designed to allow businesses to reduce their carbon footprint, and often their costs, by replacing existing equipment with more energy-efficient versions. The trust predicts the loans could save small businesses a total of almost £7m and cut carbon emissions by up to 50,000 tonnes.

Research carried out by the Carbon Trust shows that 69% of decision makers surveyed had made no investment to reduce carbon emissions, while a shocking 93% said they did nothing to measure carbon emissions, or the savings that could be made by reducing them. A lack of expertise was given as the main reason.

Carbon Trust ceo Michael Rea said: “This new research highlights the increasing awareness among SMEs of both the need to take action on climate change and the bottom line opportunities available through making low cost changes to their business.

“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. 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.”

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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