Green support needed

SMEs call for support to go greenSmall businesses need support to become more sustainable, according to a report from the Federation of Small Businesses (FSB). Mike Cherry, national chair of the FSB, said small firms “are keen to play their part” in regard to climate change, but often lack the resources, finances and dedicated specialists enjoyed by larger businesses, “so can find identifying and taking the necessary steps a challenge”. A poll by the FSB shows that while the majority of SMEs are concerned about climate change, just one in three have a plan in place to help tackle it. The FSB poll of 1,200 businesses found that 54% thought grants or low-interest loans would incentivise firms to become more energy-efficient, while 28% said a business rates discount would help. The FSB has suggested that lowering the capital requirements banks must adhere to when lending to businesses for sustainability purposes could help more SMEs go green.