Today there has been information released about a fund worth in the region of £5,000,000 to help small to medium sized companies improve their energy efficiency. The aim of the project is to help small and medium sized businesses to invest in renewable energy sources.
The funding will be made available to help small and medium sizes businesses on renewable projects that are in the region of £25K to £250K. The funding is aimed to allow businesses to install renewable energy sources such as solar, wind turbines, biomass, ground source heat pumps, air source heat pumps and anaerobic digestion systems.
The funding will also be available to businesses who need help in financing small energy efficient improvements such as insulation, lighting, monitoring systems, improvement of machinery efficiency and monitoring systems.
With the current economic climate in the United Kingdom many companies struggle to keep on top of their outgoings. For businesses that are manufacturing based or run large office premises full of computers electricity can be one of the biggest outgoings after the staff costings.
The installation of renewable energy sources can cost a lot of money to do, but the long term gains that a business can get from them are unbeatable. If a business got for example solar panels installed they could cut or even diminish their electricity costs and even make a small profit by selling their excess electricity back to the National Grid.
The fund that is called ReEnergise SmartEnergy Finance will charge fees for the energy efficient financing and of course charge an on going management fee. But they will be offering opportunities to many businesses to improve their energy efficiency and even reduce their business energy bills. It will allow businesses to get vast efficiency based improvements that they could not not of got previously.
We are pleased to hear that a company has stepped forward to help fund projects for businesses that would not usually be able to afford improvements on this sort of scale. It shows that the people and businesses of the United Kingdom are starting to work together to cut our carbon emissions and become an more environmentally friendly nation.
There is several other ways in which a business can save money off their outgoing costs. All About Savings is dedicated to helping businesses to cut costs and save money, this is why we have create our Business Energy Guides, a place where businesses can become more educated when it comes to saving money the smart way!