According to new government research, businesses could save Â£23 billion if they were more efficient in their use of energy, materials and water.
A study carried out by the Department for Environment, Food and Rural Affairs indicated that more efficient use of raw materials and reducing waste could save Â£8 billion, energy Â£4 billion and water Â£1 billion.
The report also highlighted the sectors that could potentially benefit the most are chemicals, metal manufacturing, power generation, construction and road freight businesses.
Environmental Secretary Caroline Spelman, said: "Becoming more resource efficient contributes to a business's bottom line, increases profitability and their capacity to grow. In addition to improving competitiveness, businesses could reduce carbon emissions by 29 million tonnes a year; so it's a win-win for business and the environment."
With energy suppliers increasing their prices, becoming more efficient should be a top priority for UK businesses.
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