In a new report, the CBI argues that business energy efficiency has been neglected for too long in the wider energy debate. The CBI is calling for a major push on energy efficiency, urging companies to step up action on energy efficiency to cut bottom line costs, manage risks and open up growth opportunities. The UK energy efficiency sector is growing at 4% a year, worth £17.6bn in sales and supporting 136,000 jobs.

Rhian Kelly, CBI Director for Business Environment policy, said: “Energy efficiency has sneaked under the radar in the UK’s energy debate and is making a material contribution to UK growth. But there is so much economic and environmental potential that remains unfulfilled. With energy prices still on the rise, energy efficiency can help mitigate the impact on firms, particularly heavy users.”

”The Government could explore ways of using Business Rates more innovatively to reward those who plough money back into improving the energy performance of buildings. Meanwhile, businesses also need to step up to the challenge. We have seen progress from many companies but others need to make the leap, showing strong leadership at the top with robust structures put in place to manage energy use. The Energy Efficiency Deployment Office will need to make its mark quickly if it is to spur higher spending on energy efficiency measures and it could start by talking more to businesses on the ground.”

Download the CBI report Shining a Light: Uncovering the business energy efficiency opportunity here