Stockport businesses share £50,000 green fund
Seven Stockport businesses will share £50,000 to improve their resource efficiency after being announced as winners of the Stockport Sustainable Business Challenge.
The competition invited local companies to compete for between £3,000 and £10,000 of match funding towards projects aimed at improving resource efficiency and competiveness.
The contest attracted a diverse range of applications that identified thousands of pounds of potential cost savings and significant reductions to carbon emissions.
The seven winning projects include textiles manufacturer, Creative Apparel, which plans to invest in a more efficient automated screen cleaning machine that will save over £6,800 per year by cutting electricity consumption and significantly reducing water and solvent use.
Another winner, Cheshire Specialist Engineering, is set to install energy efficient LED lighting which will save £3,800 a year in reduced energy use.
Other winners include car rental firm, Luteaim Ltd; property and construction services company, Spring and Co; packaging manufacturer, Newby Packaging Ltd; cast iron radiator manufacturer, Castrads Ltd; and Disability Stockport.
‘Significant environmental benefits’
Work on implementing many of the projects has already begun, meaning that the companies will soon be able to reap the benefits of their grant investment.
Councillor Patrick McAuley, executive member for thriving economy at Stockport Council, said: “I would like to congratulate all of the Stockport Sustainable Business Challenge winners on their success.
“The ideas they identified have the potential to deliver significant environmental benefits, which will help improve the local environment for all residents. The winning projects will reduce costs for each of the companies which will help as they plan for future growth.”
Wayne Jones, chair of Stockport Economic Alliance and senior vice president at MAN Diesel & Turbo, added: “It was a great honour to Chair the judging panel reviewing such interesting business proposals that ultimately reduce operational costs.”
As well as grant funding, the winning companies will have access to fully-funded business support and advice from the Business Growth Hub’s specialist Green Growth service, which will work with them to ensure the full benefits of their projects are realised, as well as identify other environmental improvements they can make.
Richard Jeffery, director of Business Growth Hub, said: “The Stockport Sustainable Business Challenge is a great example of how we can work with Local Authorities to boost business growth in Greater Manchester and support innovative ideas.
“Improving efficiency is critical to success for any business and the successful companies will be able to reap the rewards of both a healthier bottom line and reduced environmental impact.”
Posted under General Interest on 5 August 2015