Businesses want more financial aid and tax breaks for energy efficiency projects, survey finds

Over half of UK businesses would like the government to provide more financial aid and tax breaks for energy efficiency projects, a recent news report in the local media has been able to reveal.

The survey of more than 2,100 firms in England and Wales also found only a small percentage believe more information (8%) or financing options (4%) such as bank loans for measures like insulation, LED lighting and solar panels will help them manage and cut energy costs. Plus, around 36% of businesses said they would prefer if the government provided grants towards the cost of installing energy-saving measures while 19% believe tax breaks would be most effective.

Some of the other barriers cited were the “marginal level of savings” they might achieve (15%), other investments taking priority (13%) and a lack of available funds (13%).

While more than 70% said they spend less than a tenth of their operating budget on energy, only 13% of businesses suggested they saw a fall in energy costs in the last three years, 36% saw their costs rise and 37% reported little or no change.

Mike Spicer, Director of Research and Economics at BCC said: “These results demonstrate that getting the economics of investment right for energy efficiency is crucial to promoting take-up. At a time when businesses face growing upfront cost pressures from other sources, grants and tax breaks have an important role to play in offsetting the cost of new energy efficiency measures. On its own, more information won’t do the job.”

HeatingSave – the perfect Building Energy Management System for cutting emissions in new and existing buildings

If you’re quite worried about future developments in terms of energy management and costs, and you plan to implement an energy costs reduction plan for your business, the best place to start is HeatingSave, since our solution will allow you to actually save between 20 and 30+ percent from your monthly energy bills.

HeatingSave grants energy managers an extensive level of control over the building’s heating patterns, meaning that heating will not be on during weekends or holidays unless the building is actually in use. The system also enables automatic occupancy detection allowing the temperature to be reduced to a background when areas are not used and quickly brought up to temperature when they are being used.

It’s also very important to mention that HeatingSave can take an automatic decision on whether to use electricity or gas for heating during summer, and also enables users to set a night setback temperature, reducing the night heating by a few degrees to still keep 24/7 operations warm whilst saving energy and money.

If you’re already interested in what HeatingSave has in store and you’d like to find out more on the matter, just get in touch, our dedicated product team will be more than happy to answer all of your questions and queries.

Leave a Reply

Your email address will not be published. Required fields are marked *