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Supermarkets helping to improve manufacturing processes
7 May 2010
The popularity of green technology among UK supermarkets is helping to boost sales of environmentally-friendly products and bring manufacturing costs down.
That is according to Climate Change Capital Private Equity (CPE), a fund that invests in low-carbon initiatives, which claimed that pressure for the big chains to reduce their emissions is going some way to improving manufacturing processes.
Speaking to the Guardian, the fund said that one of its clients, LED producer Nualight, has recently received more money from the organisation after signing contracts with Tesco and the Co-operative.
Alex Hanrath, an associate director at CPE, said: "There is generally strong (and real) interest in doing this from the retailers."
Ultra Green founder and group executive chairman Tony Blakely recently claimed that manufacturers of green technology in the UK should be given greater government support, adding that more needs to be done to ensure that production of devices linked to sustainable energy remains in Britain.
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