London’s SMBs are Turning Green – and They’re Loving It
According to Lloyds Bank Commercial Banking’s latest Business Barometer, almost two thirds of London’s SMEs (62%) are keen to boost their environmental sustainability. Nearly a budget‑heavy splash of 44% feel it’s important, while 18% say it’s “very important” – basically a clear sign they’re not just about the buzz, they truly care.
Already Taking Action
- 63% have already rolled up their sleeves and gone greener in the past year.
- 27% have sourced eco‑friendly suppliers.
- 26% have tweaked their premises to cut down on power consumption.
What’s Driving the Shift?
- 26% are on the hunt for long‑term cost savings.
- 26% are motivated by corporate social responsibility.
- 22% respond to customer pressure to be greener.
Funding the Green Lottery
- 38% plan to dip into cash reserves.
- 14% will bank on government grants.
- 9% admit they haven’t gone green yet because the price tag was too steep.
What the Groom of London’s Business Scene Says
Paul Evans, Regional Director, London at Lloyds Bank Commercial Banking, weighs in:
“With environmental sustainability high on the agenda for firms of every size – whether that means cutting energy use or slashing waste – London businesses see the financial upside of greening their operations,” he says.
“Before any big investment, turn a keen look over all funding options. Whether it’s government grants, asset finance that spreads the cost, or our Clean Growth Finance Initiative offering discounted loans for green projects – there are plenty of ways to keep the books happy.”
“Regardless of why, the drive to clean up is straight‑ahead and it stays. Becoming more sustainable is a gradual journey the UK business community must navigate together.”
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