Business could tap into profit through water efficiency
While most savvy businesses are now addressing their energy usage in an effort to both help the environment and curb expenditure, water efficiency is often overlooked.
According to business support organisation Envirowise, this is a missed opportunity and water efficient technology can boost operational, as well as environmental, performance.
Many bits of water-saving equipment come with tax relief to give companies an incentive to cut their usage, and full details of these can be found on the Water Technology List (WTL).
The WTL is run by Defra and HMRC in partnership with Envirowise and list the products that benefit from tax relief under the Enhanced Capital Allowance system.
Envirowise water specialist, Kate Davis, says: “The recent period of drought and the severe flooding across the country this summer has demonstrated the need to mitigate against climate change.
“Companies across all industry sectors must adapt to stay competitive and equip themselves against future fluctuations in water cost and supply.”
Companies in the UK could be missing an opportunity to use water efficient technologies as a tool for boosting operational performance, says Envirowise.
The potential for firms to reduce their water use is significant.
Envirowise estimates that commercial sites which have not previously examined their water consumption can often achieve around 30% savings on water bills by implementing simple water management measures at little or no cost.
By investing in water efficient products these savings can increase to 50% as they form part of more structured and long-term water-saving projects, claims the organisation.
Those looking to sell water-saving devices can also apply to have their products included on the list.
To find out more about purchasing products and technologies on the WTL or to register a product for inclusion on the list, visit www.eca-water.gov.uk.
Companies which are keen to take action to address their water consumption can also take advantage of the free advice and support offered by Envirowise. More information is available on 0800 585 794 or by visiting www.envirowise.gov.uk/water
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