Protect your business against rising costs by using less energy and materials
The Smarter Resources Smarter Business - Energy and Materials program is assisting Victorian small to medium sized businesses to improve their energy and materials efficiency and boost productivity.
By using energy and materials more efficiently, and reducing the amount of waste sent to landfill, businesses can cut their operating costs and increase their competitive advantage.
Here’s how the program is helping Victorian businesses:
In the first two rounds of Capital Funding, 76 grants totalling more than $2 million have been awarded to help Victorian businesses implement projects that improve energy and materials efficiency.
These businesses are expected to save a combined $2.4 million a year in their energy and materials use.
Investing in more efficient equipment, processes or systems can have big returns for your business. For example:
- A food and beverage manufacturer installed a new chiller and compressor, saving 20% of their energy use and increasing business productivity by 12%
- An agribusiness installed new technology to better insulate their crop – reducing electricity use by 17%, whilst increasing productivity by 15%.
Read more about how Capital Funding is assisting Victorian businesses to improve their energy and materials efficiency.
Capital Funding Round 3 – Applications for Capital Funding Round 3 closed on 2 May 2014. Applications are currently being reviewed, with successful applicants expected to be notified in July/August 2014.
Conducting an audit of your business and identifying where the greatest cost saving opportunities are can be the first step on the road to savings.
Since 2012, more than 100 Victorian businesses have completed or are undertaking a Resource Assessment with the Smarter Resources Smarter Business program.
The assessments show average potential savings of 20% for energy assessments and 20 - 30% of the cost of materials for materials assessments.
- A manufacturer has identified annual savings of around $280,000 through improved batch monitoring, scheduling and waste minimisation processes.
- A food processing company has identified annual energy savings of $500,000 per year through improved refrigeration systems (fans and compressors)
- A coolstore has identified potential annual savings of $12,000 through improved refrigeration systems.
Read more about how Resource Assessments are benefitting Victorian businesses.
Applications for Resource Assessments closed on 2 May 2014. Please refer to the Building Business Capability webpage for current opportunities to help your business improve resource efficiency.
Building Business Capability
If you’re a Victorian business with up to 200 employees, the Building Business Capability program provides training, advice and on-site support to help your business to understand, plan and implement energy and materials efficiency.
The Building Business Capability program is delivered in partnership with industry associations and business networks.
View the current list of providers and opportunities that can help build your business capability and know-how.
If you have any queries about the Smarter Resources Smarter Business program email firstname.lastname@example.org or phone +61 3 8626 8700.