Cashflow Finance: Energy Bill Relief Scheme Ends
In March 2023, the Government’s Energy Bill Relief Scheme comes to an end and is being replaced with the Energy Bills Discount Scheme. Businesses may need to start planning higher energy bills into their cashflow forecasts.
Key Points about the Energy Bills Discount Scheme:
- The scheme will start on the 1st April 2023
- It will reduce the amount of support available by discounting gas bills up to £6.97 per MWh and electricity bills up to £19.61 per MWh.
- The scheme is available to non-domestic energy users – businesses, voluntary sector organisations and public sector organisations.
- UK businesses that have high energy usage, like those producing glass, steel or ceramics, will receive additional support.
Additional funding to address immediate cash flow problems, such as paying a higher than usual energy bill, could be very beneficial if changes to the new scheme have an impact on your business.
What Cashflow Finance Solutions are available?
As we work with a large panel of lenders from high street banks to those who specialise in different sectors, industries and products, we’re confident that we will be able to find a finance solution to meet your business’ requirements.
Business Loans: An injection of working capital that you can use to ease cashflow pressures.
Invoice Finance: Receive funding based on outstanding invoices from your customers
Asset Refinance: Refinancing can be a great way to free up cash tied up in assets that you owned.
Opportunity to produce your energy
With the increasing prices in energy bills, this could be an opportunity to start producing your own energy with renewable energy sources. With the added benefit of reducing your business’ carbon footprint, installing solar panels, ground heat pumps or any other renewable energy asset will pay for themselves in a few years.
Renewable energy sources can be brought with a finance facility, minimising cashflow pressures. An unsecured business loan, secured business loan or asset finance can be used to purchase your greener energy sources.
If you would like to find out more about cashflow finance or finance options for your renewable energy sources, get in touch with our team for a no-obligation discussion. Call us on 01270 443510 or complete our contact form and we’ll be in touch as soon as possible.