19th Nov '08 - Firms 'Put Off By Green Costs'

Posted on Wednesday, November 19th, 2008 at 3:37pm
19th Nov '08 - Firms 'Put Off By Green Costs' Although making a business green can save money in the future, upfront investment is needed, it has been said, although a loan could cover such costs until a firm reaps the financial rewards.

The National Computing Centre (NCC) states that making IT systems environmentally-friendly can reduce expenditure in the long term, although people may be put off by the initial money needed at the beginning.

Commenting on the issue, Michael Dean, group marketing manager at the NCC, says although "organisations are happy to undertake easy to implement solutions, such as switching off power of PCs overnight and print management, capital investments are less likely to be signed off".

Indeed, the Department for Environment, Food and Rural Affairs has upgraded their infrastructures to become greener, at a cost of £3.8 million.

However, smaller firms looking to save money against rising energy prices may want to follow the department's lead, although secured loans could provide the initial outlay until money is recouped.

Such loans may be secured against a current property, to ensure that the lender is protected should the borrower stall on payments.

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WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME. ALL LOANS SUBJECT TO STATUS.