THEO PAPHITIS LAUNCHES SCRAPPAGE SCHEME, URGING BOSSES TO REFIT, REDUCE AND RECOVER

Tuesday 20 October: Theo Paphitis is today calling on businesses to scrap outdated equipment and save millions on their energy bill.

In a bid to reduce the C02 emissions produced by businesses every year, Joan Ruddock MP is launching the Carbon Trusts Big Business Refit to coincide with Energy Saving Week - which is giving out £100m interest-free to help small and medium companies modernise their businesses.

According to new research released by the Carbon Trusts, British businesses are being forced to make do and mend with old, inefficient equipment, costing businesses £3.3bn a year in wasted energy.

Hever Castle near Edenbridge in Kent, the childhood home of Anne Boleyn, took out a £100,000 Carbon Trust loan in 2007 to replace their motley collection of oil-fired boilers (that dated back to the early nineteen hundreds) and liquid petroleum gas-fuelled heating systems, replacing them with an 800-kilowatt biomass boiler. As a result, the company is now saving £50,000 on their energy bills annually.

The government endorsed initiative provides businesses with expert guidance, plus financial support in the form of £100m in interest free funding, which can be paid back through the energy savings the new equipment delivers. On average, businesses individually can save £14,000 a year off their energy bills with a refit but this could rise to £120,000 a year depending on the machinery replaced.

Category:

Music

Tags:

• Theo Paphitis
• Carbon Trust
• Big Business Refit
• Hever Castle

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The Carbon Trust might be facing funding cuts, according to the Times.

That means it's imperative to act now in order to secure funding for Carbon Trust projects such as installing energy-efficient Somar Eluma lighting in your industrial or commercial premises.