New Small Business Funding
New funding to help small businesses cut their costs
Small businesses across the UK will benefit from new Government funding and support to help them invest in sustainability, to cut their operating costs and boost their business.
- Government announces £2 million funding boost to help more SMEs cut costs
- Funding is part of a range of new measures to support small business growth, in the Government’s response to the Willow Review
- 67% of SMEs who adopted sustainable practices like installing solar panels reported reduced cost
Small businesses across the UK will benefit from new Government funding and support to help them invest in sustainability, to cut their operating costs and boost their business.
This includes an additional £2 million in funding via the ‘Made Smarter Adoption Programme’ specifically to help SMEs lower their bills and become more energy efficient through investment in technology in areas like heating, insulation and solar power.
This forms part of the Government’s response to the Willow Review Report, which found that 67% of SMEs who adopted sustainable practices, like installing solar panels or selling energy back to the grid, reported reduced operational costs – a clear return on investment.
The Willow Review report, published earlier this year, is an independent government-backed report spearheaded by Small Business Britain and supported by Barclays. It aims to unlock the economic opportunity of sustainability for the UK’s 5.7 million small and medium sized businesses.