Bank’s experts offer hot tips so firms can cut energy bills

March 12, 2014 by  
Filed under Solar Energy Tips

UP to 50 business owners took advantage of a free energy seminar hosted by a major banking group in a bid to find out how to save money.

NatWest bosses organised the event, at the Lakeside Hotel in Newby Bridge, as part of the bank’s mentor service which offers advice on how to cut costs and increase profits.

The seminar was led by NatWest’s senior relationship manager Dave Howarth, who represents the Furness and South Lakes area in the bank’s commercial banking division.

He said: “It went really well, we had about 50 people there representing hotels, manufacturing and haulage firms so there was a real mix.

“The purpose of the event was to make people more aware about what they can do to reduce costs.”

The energy-efficiency seminar is just one way in which NatWest is moving towards taking a more active role in its customers’ businesses – based on the idea that if a business customer is more efficient and increasing its profits, this will also benefit the bank.

Mr Howarth explained how cutting energy costs was already proving to be beneficial to many customers.

He said: “There was one company which was spending £600,000 a year on energy and they saved £72,000.

“One of our hotels in South Cumbria had one of our energy audits, which revealed they could save around £28,000 a year.”

Last week’s event was an opportunity for many of the businesses who attended – who are not all customers of NatWest – to get some expert advice they might otherwise have had to pay for.

Mr Howarth, who has been in banking for 41 years and is based in Kendal, added: “Many of our customers are looking increasingly closely at ways they can better manage energy supply for their business and NatWest wants to support them in what is becoming an increasingly important aspect of everyday business.

“By focusing on energy efficiency, tariff management and renewable energy, businesses can reduce their energy consumption, energy costs and carbon emissions and an energy audit can identify how businesses can make savings in the short and long-term.”

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