Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing & Mental Health
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • European Businesses Facing Increased Costs Due To Supply Chain Disruption
  • Dementia Advocate Shares Tips For Supporting People With Dementia When Flying
  • SME Today talks to Sa’ed Anabtawi, Product Director, WOLF
  • The Truth Behind ‘Sickies’
  • Five ways to monetise your business EV chargers
  • New book on conquering fear of public speaking
  • 1 in 3 employees anxious about lack of first aiders at work
  • What SMEs risk when their IT provider gets bought out
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • Twitter
  • LinkedIn
  • YouTube
  • RSS
You are at:Home»Finance»What the government energy crisis support means for UK businesses
energy crisis support

What the government energy crisis support means for UK businesses

0
Posted By sme-admin on September 27, 2022 Finance, News

Following the government announcement that it will be increasing support for UK businesses to help them get through the energy crisis, and ahead of tomorrow’s mini budget, Sharon Ellis, head of business networks at Virgin Money, has commented on what the new support package means for business.

Additionally, to help businesses cut down on their energy costs, Sharon has shared some practical advice for how companies can improve their energy efficiency and cut down on excess use and waste.

The government support package to help businesses deal with the soaring costs of energy this winter is a welcome decision that will hopefully prevent thousands of companies around the UK from having to make some difficult choices about their future.

While these measures are much needed and will help businesses to survive the energy crisis, business owners will still need to be prudent this winter, taking steps to protect themselves financially and reduce their energy consumption where possible.

So how do businesses do this? Here are three tips to help companies reduce their energy costs:

  1. Conduct an energy audit

You won’t know where you can save money on energy until you find out how you’re currently using it, and where it’s going to waste.

The best way to do this is to conduct an energy audit to help you understand where energy usage is having a negative financial impact. Some energy suppliers will conduct an energy audit for you, sometimes at no cost, and this will help you to identify areas of excess energy usage and suggest ways that this can be improved.

  1. Decrease waste and increase efficiency

Once you’ve identified areas of excess energy consumption, you can look to decrease waste usage and improve efficiency.

Some options for this are incredibly simple and can be implemented straight away, such as shutting down unnecessary equipment rather than putting it on standby, or using hibernation mode for computers during periods of brief inactivity rather than leaving them running.

Other steps require greater investment and planning, but can provide huge benefits in the long term. Improving the insulation of your premises can drastically improve heating efficiency and helps reduce how much energy is used. You should also look to change lighting to energy efficient LEDs if this hasn’t already been done. Another option is to go paperless as a company, if this is possible in your industry. This will help to cut down on paper expenditure as well as the energy spent operating the printers.

  1. Involve your employees

Whatever decisions you decide to make to decrease energy usage, it’s always worthwhile to involve your employees.

Getting the workforce on board and being honest with them about your future plans will help to increase the chance of success for any measures to take. Some decisions will also require cooperation from your employees, such as changes in operating processes to cut down on office energy expenditure.

You may also find that many of your staff are enthusiastic about helping the business cut down its energy costs, and may suggest helpful initiatives and ideas which you hadn’t considered before.”

For more information on how Virgin Money can help your business, and the business current accounts on offer, visit: https://uk.virginmoney.com/business/current-accounts/

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dementia Advocate Shares Tips For Supporting People With Dementia When Flying

Five ways to monetise your business EV chargers

Are you flying blind on your most important business decisions?

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting

The Newsletter

Join our mailing list for the best SME stories, handpicked and delivered direct to your inbox every two weeks!

Sign Up
Personal Pension offer
Events Calendar
    • Marketing
    August 29, 2025

    OneMetric forms strategic partnership with RevOps expert to drive UK growth

    August 28, 2025

    The Seven Phases of Festive Shopping and How to Target within Each Effectively

    • Finance
    September 3, 2025

    Five ways to monetise your business EV chargers

    September 1, 2025

    Are you flying blind on your most important business decisions?

    • People
    August 14, 2025

    A Life Worth Saving – A Tribute to Dame Stephanie Shirley CH, 1933–2025

    August 12, 2025

    Finance Director Returns As Judge For National Business Awards

    • Health & Safety
    September 2, 2025

    1 in 3 employees anxious about lack of first aiders at work

    July 1, 2025

    Temperatures Soaring: Is Your Workplace Becoming Unsafe?

    • Events
    July 22, 2025

    South West Expo Delivers Outstanding Event at Swindon’s STEAM Museum

    July 4, 2025

    £20k grant for female-founded SME up for grabs

    • Community
    July 11, 2025

    Building community, one cause at a time

    June 23, 2025

    Celebrating One Year In Fairford Supporting The Community

    • Food & Drink
    August 22, 2025

    How to get stocked by major retailers as an SME

    July 18, 2025

    Warning to Small Businesses Over New Food Waste Regulations

    • Books
    September 3, 2025

    New book on conquering fear of public speaking

    August 7, 2025

    Learning to Leave a Legacy in Business

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Categories
    • Books
    • Community & Charity
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • People
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Wellbeing & Mental Health
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Editorial Submission Guidelines
    • Privacy
    • Contact
    Copyright © 2025 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Editorial Submission Guidelines
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.