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New scheme to benefit small and medium-sized manufacturing companies

3 September 2009
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A new scheme that will benefit small and medium-sized manufacturing companies in Britain is being launched next month.

The initiative is part of efforts by the Carbon Trust to assist enterprises in reducing their energy bills by as much as £40 million by enabling them to replace old equipment with energy-efficient technology.

Expert advice and financial support will be given to businesses applying for the Big Business Refit programme, which could potentially help thousands of firms.

The project follows a steep rise in applications for Carbon Trust interest-free business loans as a result of the recession.

Tom Delay, the agency's chief executive, explained: "With credit all but dried up elsewhere, the Big Business Refit breaks the deadlock by helping SMEs to buy the equipment that will both slash their costs and often transform their businesses."

In related news, data from the Confederation of British Industry recently indicated that the UK's production index has risen to its most promising level since June last year.
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