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“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

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.”

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