Staying competitive in an increasingly challenging market is going to become a bigger priority for businesses in Wales, and there are costs you can reduce without impacting your productivity.
How? By replacing your out of date and inefficient equipment, such as lighting, heating, air-conditioning units and refrigeration, or by investing in renewables. As an example, with a Carbon Trust Interest Free loan, Highfield Hall Hotel in Northrop was able to install a biomass boiler which is projected to save them over £12,000 a year, as well as cut their CO2 emission by 100 tonnes.
The Carbon Trust offers loans to small to medium sized businesses in Wales, to help them buy and install energy efficient equipment and renewables.
You can borrow as little as £3,000 or as much as £200,000 to fund your project, at zero interest. Loans are designed so that in most cases the monthly savings on your energy bills should exceed the monthly repayments, with the repayment term being between 1 and 4 years.
Additionally you can also apply for a capital contribution from the Carbon Trust Green Business Fund, which funds up to 15% of the total project cost, up to a maximum of £10,000.
This really is a great time to consider reducing your costs to stay ahead of the game. If you don’t know where to start, give the Carbon Trust a call on 028 9073 4398 and they can help you identify opportunities.