The way that the UK generates, distributes and manages energy is facing a huge transformation as we seek to move to a more sustainable energy system and meet our 2050 carbon reduction targets. For smaller businesses, the costs of this investment must be fair while maximising their opportunities to take control of their own carbon footprint. FSB research shows that 12 per cent of small businesses generate their own energy and 58 per cent have made changes to improve their energy efficiency.
Small businesses must also be empowered to adapt to and reduce the impacts of an already changing climate. FSB research shows two thirds of small businesses were negatively affected by severe weather in the previous three years. Yet only a quarter of micro-businesses (those with less than 10 staff) have a resilience plan in place that includes adverse weather.
As smart meters are rolled out, smaller firms must be able to play an active and empowered role in the new, smart market of the future. Smaller firms must be supported to generate their own energy, use energy more efficiently, and take advantage of energy storage and management technology. This will allow them to reduce their carbon footprint, reduce their costs, and reduce their dependence on a centralised energy system.
Small firms must also be empowered to adapt to severe weather. FSB believes that resilience plans are critical for reducing the impact of severe weather on small businesses. But Government and industry must also do more to support small businesses to invest in property level protection and reduce their insurance premiums.
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Weekly Brief 41 - Friday 11 October 2019
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