Energy costs are going to become an increasing problem for some SMEs…

The latest Lloyds Bank survey reveals that SMEs are struggling more with energy costs than last year.

It was revealed in the survey that energy costs can be a significant burden for small and medium-sized enterprises (SMEs), especially those that rely heavily on energy-intensive processes or have limited financial resources.

Some of the problems that high energy costs can cause for SMEs include:

The good news for SME businesses is that the UK government has brought out the Energy Bill Relief Scheme that will be supported with £5.5bn over a 12-month period.

Coming into effect in April, the Energy Bill Discount Scheme is set to replace the prior scheme.

If you need any help with energy costs for your business, email  enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.