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Nine in ten mid-sized businesses halt growth plans due to energy bills

Energy bill shock

BDO Accountancy and Business reported in June that 56% of mid-sized businesses were concerned regarding the challenges they will face over the next sixth months. Many are struggling to access capital due to record levels of inflation, increased overheads across energy bills, rent and payroll. All of these factors are diminishing growth plans.

The bi-monthly survey of 500 leaders of medium-sized businesses revealed that 24% are being forced to scale back or make redundancies, 22% are unable to finance plans for expansion and a further 20% are struggling to invest in new technology or software to improve their business.

A possible solution to save your business from getting to this point could be to cut your energy cost with a product from a British manufacturing company called HeatingSave.

HeatingSave has invented a computerised AI heating management system, approved by the Government on its Energy Technology list. HeatingSave’s solution is to cut gas consumption by better managing the heating plant and equipment that venues already have.

AH Garner, a UK-based hydraulic cylinder manufacturer that supplies for numerous industries, saved around 45% on heating and gas bills with HeatingSave.

Managing Director, Marek Lewandowski said, “In the following years, we averaged £23,000, and then after installing HeatingSave, our bill was down to £17,000 per annum.

“The first full winter with the HeatingSave Building Management System installed, our gas bill dropped down to £12,500, which means we saved around 45% on our heating and gas bills” he added.

To find out more about HeatingSave and how it can cut your energy bills, click on https://www.heatingsave.co.uk/

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