Carbon Trust's 'scrappage' bid

British businesses are being urged to scrap their old inefficient machinery and other equipment and replace it with more efficient models. The scheme has been launched by the Carbon Trust, an independent company backed by the Government that aims to help businesses to reduce carbon emissions, as a sort of equivalent of the motor industry's scrappage scheme.
Under The Big Business Refit, which runs until March 2010, businesses can use interest-free funding to obtain new equipment that can produce energy savings of 15 per cent. The trust estimates that British businesses are wasting £3.3bn a year in unnecessary energy costs through holding on to old equipment.
More than half of small and medium-sized businesses wait until their equipment breaks down before replacing it, the organisation's research suggests.