The Government’s flagship Green Deal has the potential to create an £800 million energy efficiency market in small to medium sized businesses.
That’s the findings of a new report, published by consultants Ernst & Young, as part of a review into the issues facing the Green Deal in the UK’s non-domestic sector.
Making Energy Efficiency Your Business – Understanding the Potential of the Non-Domestic Green Deal, the report, published yesterday, claims the scheme’s success will come down to the Government taking a ‘business-centric’ approach as it develops policy details. Essentially, the Government needs to properly understand the pressures faced by many small and medium sized companies and enable them to participate with minimum effort and resources.
According to Ernst & Young, if there’s just a 10% take up of the Green Deal in the non-domestic market, it would create a market of up to £800 million by 2020, which would also equate to 5% in carbon savings.
“The non-domestic Green Deal provides a significant opportunity both for the UK as a whole and for small and medium sized business, in terms of economic and environmental benefits,” explains Bill Easton of Ernst & Young.