THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
“Make do and mend” costs retail SMEs nearly £1bn a year

Theo Paphitis and the Carbon Trust launch scrappage scheme for power-guzzling equipment.

GENERAL MERCHANDISE

“Make do and mend” costs retail SMEs nearly £1bn a year

Theo Paphitis and the Carbon Trust launch scrappage scheme for power-guzzling equipment.

British retailers are being forced to “make do and mend” with old, inefficient equipment, as nearly half (48%), don't have the cash to upgrade it. Over h
alf of small and medium-sized retailers (64%) also wait until their equipment breaks down completely before replacing it.

The problem is costing retail SMEs over 890m a year in wasted energy according to the Carbon Trust. It was revealed in a survey of 412 small and medium-sized retailers at the launch, by Dragon's Den star Theo Paphitis, of the Carbon Trust's Big Business Refit campaign.

The Big Business Refit aims to help retailers scrap their old power-guzzling equipment and replace it with new equipment that's more efficient and cheaper to run. It provides expert guidance, plus financial support in the form of 100m in interest free funding, which can be paid back through the energy savings the new equipment delivers.

Theo Paphitis said: “The Big Business Refit calls on all UK retailers to scour their premises for old equipment, from air conditioning, to fridges, lighting to heating. With interest-free funding available to replace equipment, leading to average energy savings of 15%, and no security required, it's an unbelievable deal.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019