Government 'must act to save business energy plans'

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The government has been urged to make details available that could save a scheme designed to drive down business energy costs.

CBI says the coalition must provide clarity on how it will finance and promote the Green Deal if it is to be a success.

The project aims to allow firms to take out loans to fund improvements to their premises and practices, resulting in a reduction in fuel use and subsequently business energy bills.

"Improving the energy efficiency of our homes and businesses is a surefire way of cutting emissions, as well as creating economic growth," states Dr Neil Bentley, CIB deputy director-general.

He adds investors need confidence if they are to splash out and do their bit for the environment, as well as potentially save money.

Age UK Enterprises this week revealed soaring bills – including those made to dual fuel providers – are responsible for a £30 rise in outgoings for people over 55 since September.

Posted by Jim Tidy

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