Energy funding for West Midland’s business sector

Article posted

13th May 2024

Read time

3-6 min read


Mollie Pinnington

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Thousands of businesses in the West Midlands are set for a sustainability makeover thanks to a brand new £24 million government-funded initiative. The program, called the Business Energy Advice Service (BEAS), is designed to help companies across the region slash their energy consumption and reduce their environmental impact.

This significant investment, announced by West Midlands Mayor Andy Street and Minister for Energy Efficiency and Green Finance Lord Callanan, marks a major step towards the West Midlands' transition to a net-zero future. The BEAS pilot scheme will provide vital support to businesses of all sizes and sectors, from energy-intensive manufacturers to local coffee shops and hairdressers.

Business energy savings

"This £24 million of government money is fantastic news," said Mayor Street. "It will allow businesses to identify ways to cut their energy usage and invest in long-term solutions that will save them money in the future." The initiative aligns with current economic pressures, aiming to protect businesses from energy market volatility while promoting sustainable practices and economic growth.

The scheme will work by offering eligible businesses that apply, a free energy audit. These businesses can then claim up to £100,000 in funding for some or all the recommended upgrades.  

The West Midlands Combined Authority (WMCA) is leading the BEAS program in collaboration with the Department for Energy Security & Net Zero (DESNZ). This is a welcome development for the region, and many are hopeful that the BEAS will be a springboard for a greener and more resilient West Midlands economy.


How can your business save money

Whilst this scheme is great for businesses in the West Midlands, unfortunately it is not available to all UK businesses. However, this doesn’t mean there isn’t ways that you can save on your business energy bills. Different ways your business could reduce energy consumption and save money on energy bills include:

  • Keeping on top of your energy bills – One way your business can ensure that they save money on energy bills is by staying on top of your energy bills. This means being ware of when your renewal is due and ensuing that you do not go onto out of contract rates.
  • Working with an energy consultant - Another business can reduce how much they spend on their business energy is by working with an energy consultant. An energy consultant can procure energy contracts, negotiate with suppliers and advice you on the best way to save on your energy bills. If you would like to start working with an energy consultant today, please get in touch.
  • Energy audit – Getting an energy audit done can help your business identify where you are wasting money on energy and what energy saving technology you could implement to fix this issue.
  • Renewable energy - Using renewable energy sources to power your business can save you a lot of money. for example, solar panels can save business up to 19% on their overall energy bills. Learn more here.
  • Energy saving technology -  Another way your business can save money on energy bills is by having energy saving technology installed at your business.

If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.

Looking to pay less on your energy bills?

Get a free quote today