Big Business Refit campaign

British businesses are being forced to make do and mend with old, inefficient equipment, as more than half (52 per cent) don’t have the cash to upgrade it. Well over half of small and medium-sized businesses (60 per cent) wait until their equipment breaks down completely before replacing it.

The problem is costing businesses £3.3bn a year in wasted energy according to the Carbon Trust. It was revealed in a survey of 1,500 small and medium-sized businesses at the launch of the Carbon Trust’s Big Business Refit campaign.

The survey showed that around half of businesses are missing out on the opportunity to reduce bottom-line costs through energy efficiency:

The Big Business Refit aims to help businesses to scrap their old power-guzzling equipment and replace it with new equipment that is more efficient and cheaper to run. It provides expert guidance, plus financial support in the form of £100m in interest-free funding, which can be paid back through the energy savings that new equipment delivers.