Potential for £2.5bn cost saving across UK business
May 1st 2009

The Secretary of State for Energy and Climate Change has called on UK business to take advantage of £100m in new funding available to help companies become more energy efficient.Most will be delivered in England through the Carbon Trust's existing interestfree loans scheme for companies to buy new equipment, which will now be expanded three fold.

It comes as new analysis by the Carbon Trust shows the 40 areas of the UK which have the greatest potential to save business money by taking action on climate change. The Cost Map shows that collectively UK business could more than £2.5bn a year through cost effective carbon reduction measures, such as replacing old boilers or installing new lighting.

The £100m in new funding, announced in the Budget, will help businesses save more than £20m a year in energy bills, with annual carbon dioxide savings of 140 000t.

Tom Delay, CE of the Carbon Trust (pictured with Dragon's Den entrepreneur Theo Paphitis), says "The additional funding for the Carbon Trust loans scheme means many more companies can take advantage of reducing costs by up to 20%, while also helping to reduce carbon emissions. Our new map analysis shows the massive opportunity businesses have to reduce their costs by reducing their environmental impact.We urge UK businesses to prioritise action on carbon reduction and to contact the Carbon Trust to find out more about the free loans and other support available to help."

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