More than 340 businesses across the East Midlands have so far been supported in the development of their sustainability plans, as a result of the net zero strand of the East Midlands Accelerator project.
East Midlands Chamber, together with a project consortium of the region’s universities and business support agencies, is delivering the Net Zero Accelerator project, which helps organisations with changes such as reducing their carbon footprint, switching to electric vehicles and creating sustainability action plans.
Throughout the spring and summer, the project, which is part-funded by the UK Government through the UK Community Renewal Fund and led by the local authority in each region, has offered grant funding, growth vouchers and fully-subsidised training to businesses in the eligible areas of Derbyshire Dales, High Peak, Mansfield, Bassetlaw, Newark and Sherwood, Nottingham city and Leicester city.
East Midlands Chamber deputy chief executive Diane Beresford said: “A key condition for a business receiving grant funding through the East Midlands Accelerator project is that it must commit to starting its sustainability journey. The Chamber has supported this process by enabling businesses to access the valuable support on offer from the region’s universities and other partners.
“Businesses recognise that greener practices make business sense – not just because of the long-term efficiency gains, but because presenting a clear sustainability strategy is becoming increasingly important when it comes to winning new contracts and customers.
”Once businesses have a top-level sustainability plan in place, they will need capital funding to change their infrastructure accordingly, as well as ongoing training. I’m hoping that local authorities will address this as part of their Shared Prosperity Fund plans.”
Net Zero Accelerator support has been wide-ranging, and includes:
- Support on making the switch to electric vehicles through the University of Derby’s Cenex Electric Fleet Transformation scheme.
- Support on carbon reduction and environmental management from the region’s universities. Carbon and environmental management consultancy and training have enabled businesses to work towards carbon literacy accreditation and the bronze level of the Investors in the Environment standard.
- Net zero student placements and sustainability audits in partnership with the three Leicestershire universities, giving businesses firm plans on where they might take action.
- Support from the Zellar sustainability platform, with East Midlands Chamber investing in 400 annual software licences to give SMEs the opportunity to track, measure and promote their sustainability activities, whether that be, for example, the appointment of a green champion, an audit of travel emissions, or the installation of LED lighting. So far, 336 businesses have registered their interest.
- Specialist sector support from two of the project’s partners. Food and Drink Forum experts offer decarbonisation and sustainability support to help food producers assess how they can reduce environmental impact by making changes to their production space and processes. Marketing Peak District and Derbyshire offers specialist one-to-one business support to help visitor economy businesses reduce their carbon footprint and achieve “clean, green growth”.
Interest from businesses in net zero support reflects recent findings from the Chamber’s ongoing research in collaboration with the University of Derby, which identified the proportion of businesses considering green growth as part of their business strategies has more than doubled over the past four years from 9.7% in 2018 to 21.5% in 2022.
Businesses can learn more about the support on offer at East Midlands Chamber’s Sustainability Summit on Thursday 22 September at the University of Derby Enterprise Centre. The event includes workshops on empowering business leaders to rise to the challenge of climate change and on accessing R&D Tax Credits for innovation in green products and services.
