Figures Show That More Than 95% of UK Businesses are Missing Out on Energy Efficiency Savings

WATFORD, England, November 19, 2015 /PRNewswire/ --

With recent data suggesting less than 650 of 10,000 companies covered by new energy efficiency regulations, ESOS, have so far submitted compliance details, DLL, global provider of asset based financial solutions urges business to consider the benefits of energy efficiency to their bottom line.

Data from the Environment Agency released this month revealed that, as of mid-November, just under 650 of approximately 10,000 organisations covered by ESOS have completed the required energy efficiency audits. This slow take-up has led to government relaxing the December 5th deadline to 29th January, provided companies submit a notice of non-compliance by the original date.

"It's puzzling," argues independent energy efficiency consultant Dr. Steven Fawkes. "You have all these factors - cheap borrowing from low interest rates, rising energy prices, the fact that the earlier you make changes the earlier you start saving and the more you save - pointing to now as the perfect time to invest in energy efficiency. I'm confused that more large organisations haven't undergone ESOS audits, and worried that smaller businesses think that - because ESOS doesn't apply to them - this isn't something for them to worry about. It makes sense for nearly everyone.'

"ESOS has been hogging the headlines but energy efficiency is one of those things that's genuinely a no-catch, win-win - good for business and the environment" says Jonathan Evans, UK Head of Cleantech, DLL. "True, investments cost money - but if you get the financing structure right then you can quite literally have an investment that pays for itself through bill savings - and then some. Our programs are designed to improve our partners' profit and performance while reducing their costs, energy use, waste of pollution. We have to get medium sized businesses to really think about the opportunities available to them - after all, if their competitors invest in being more efficient and they don't, then businesses risk being left behind."

To help businesses truly understand the benefits that energy efficiency can bring, global finance solutions partner DLL have published a white paper which explores the business case for investing in energy efficiency for UK businesses.

The white paper explores the factors that make the current environment so attractive, as well as some of the more common energy efficiency measures that businesses can invest in. It also looks at the barriers to investing in energy efficiency for smaller businesses, which typically have fewer accessible funds to invest than their larger counterparts, and potentially less ability to take risks with investments. One solution is intelligently pairing investments with finance solutions so that savings on energy costs offset the regular cost of repayments, creating a cost neutral or positive investment.

The main conclusion of the paper is that, with the business energy efficiency tax landscape set to change following a recent government consultation, now is the perfect time for small and medium sized businesses to invest in energy efficiency and avoid being left behind by larger competitors.

To download the white paper please see here.

NOTE FO R THE EDITORS 

About DLL
DLL is a global financial solutions partner working in Agriculture, Food, Healthcare, Clean Technology, Automotive, Transportation, Construction, Industrial Equipment and Office Technology. We collaborate with equipment manufacturers, dealers and distributors to enable businesses to obtain and use the assets they need to contribute meaningfully to the world. 

DLL delivers original, integrated financial solutions to support the asset life cycle from leasing, vendor and commercial finance to remarketing. In addition, we offer mobility solutions, factoring and consumer finance.

DLL's 5,500 members support its partners in more than 35 countries. The company is a fully owned subsidiary of Rabobank Group.

http://www.dllgroup.com
Twitter: @DLLgroup,
LinkedIn company page: http://www.linkedin.com/company/dllgroup, LinkedIn showcase page: http://www.linkedin.com/company/dll-sustainable-added-value-of-leasing