Switching to EVs ‘could save SMEs £625m’

Switching to electric vehicles (EVs) could deliver savings totalling £625 million for UK businesses. That means as many as 435,000 small and medium sized firms (SMEs) could each save up to £1,440 per car every year, according to new research by industry and government campaign Go Ultra Low. However, many businesses are unaware of the […]

New oil and gas tech accelerator pledges £600k

A new technology accelerator and incubator aims to help smaller innovative technology developers take their solutions to the oil and gas market faster. The Oil and Gas Technology Centre (OGTC) has launched ‘TechX’, which is targeting 100 start-ups and 200 small and medium sized businesses (SMEs). Up to £100,000 of funding will be provided for […]

Majority of SMEs ‘still unaware of new retail water market’

More than half of micro, small and medium sized businesses are still unaware of the new retail water market in England. That’s according to a survey by the Consumer Council for Water (CCWater), aimed at tracking awareness of the market. While 43% of SMEs said they were aware they could switch their water retailer after […]

‘Energy networks need more SME innovation’

Energy networks are adopting innovations from small and medium-sized enterprises (SMEs) but more needs to be done. That’s according to new research from the Energy Innovation Centre (EIC) and the Energy Systems Catapult, which have studied how key players in the industry are working with SMEs to develop new technologies and business models. The survey showed 80% of […]

London launches new support scheme to boost circular economy

A new initiative to help smaller businesses in London become more resource efficient has been launched. Dubbed Advance London, it aims to help SMEs transition to or scale up circular economy business models and capitalise on the benefits. Circular economy is an approach that encourages keeping resources in circulation instead of being burned or ending […]

Shortage of skilled staff biggest obstacle for manufacturing SMEs

Skilled staff shortages are the most acute in manufacturing, technology and telecommunication sectors. That’s according to a new survey, which states finding skilled staff is the main challenge for 50% of more than 1,000 small and medium businesses (SMEs) planning to grow their headcount in the next two years. The technology sector is one of the […]

Majority of SMEs ‘neglecting energy efficiency’

Only a tenth of small and medium enterprises (SMEs) have reduced their energy usage in the last year. A new survey from ScottishPower shows these firms are making little progress with energy saving, despite new technology making it cheaper and easier to cut costs and be more sustainable than ever before. Currently, 60% of SME owners […]

Risk of power loss ‘not a concern for SMEs’

A majority of small to medium-sized companies (SMEs) in Britain don’t consider loss of energy supply to be a major risk to their businesses. Around 83% of the 500 SMEs surveyed by British Gas Business said so and only 17% believe power loss to be a threat to their business. The survey was carried out […]

SMEs want energy suppliers to be green, survey finds

A majority of small and medium-sized businesses (SMEs) want their energy supplier to be committed to renewable energy. That’s according to a new report by Haven Power which found 72% of 100 businesses surveyed would like to see that happen. The offer of renewable electricity is one of the main reasons for businesses to switch energy […]

SMEs ‘saved £511m on energy bills by negotiating’

Small and medium sized businesses (SMEs) in the UK saved £511 million on their energy bills in the last 12 months. Around 45% of them saved up to £10,000 per year, according to a YouGov survey commissioned by npower Business. That’s because they demanded a good deal from their suppliers, with 93% of SMEs that do […]