Figures from Zero Waste Scotland show small and medium-sized enterprises in Scotland waste around £19,000 on average each year that could have been avoided simply by making energy efficiency improvements.
So the Scottish Government is now offering interest-free, unsecured loans to businesses to help them to save money by reducing energy use.
Loans of up to £100,000 per-SME are available to help them make positive efficiency changes, subsequently saving themselves money by reducing waste.
Examples include installing LED lighting, better insulation, boiler upgrades and renewable technologies, and can range in scale and cost with unsecured funding of £1,000 to £100,000 available.
In addition to financial assistance participating businesses also be allocated a Resource Efficient Scotland advisor to help them make their plans a reality and help with each step of the project.
A Zero Waste Scotland spokesman said: “We know many businesses share our vision of maximising resource efficiency and keeping costly waste to a minimum, and often it’s the initial investment needed that’s the missing ingredient.
“The SME Loan Fund is a great way for enterprises to make optimum use of energy, water and waste under expert guidance at no extra cost – ultimately delivering savings while helping the environment.”
“Scottish businesses could save £2.9 billion every year by using energy, water and raw materials more efficiently.”