In recognition of the invaluable benefits to be reaped by investing in energy-efficient lighting, the North West Fund for Energy and Environment has chosen to channel three-quarters of a million pounds worth of capital into a Manchester-based LED lighting firm, MHA Lighting.
It is hoped the investment will help the company to double its turnover from £1.5m in 2012 to £3m by the end of this year, New energy world network reported.
The organisation that provided the funds describes itself as "a flexible equity package for growth-oriented businesses operating within the energy and environmental sector". This is just one string to the ecological bow of fund manager CT Investment Partners, whose main objective is to help businesses be more green.
All logical reasoning points to the benefits of companies becoming greener. Not only is the cost of power going through the roof but consumers and clients are becoming increasingly interested in companies' ecological responsibility - with some firms boasting positions solely dedicated to this aspect of their business model.
One way that firms can improve the impact of their carbon footprint is by investing in new lighting from companies offering energy-efficient solutions as this will not only slash electricity bills but also help to reduce carbon emissions. The effectiveness of a retrofit lighting project as an eco-friendly move is clearly demonstrated by investments such as this one.
Adam Workman, partner at the investment firm which manages the equity package, said he expects MHA's business to continue to grow this year as it will help to deliver solid results for both private and public sector clients in terms of energy efficiency.
Whether you are a business looking to bring your operational costs down or a homeowner looking to rein in your energy bills, lighting might be the first place to consider a spot of tweaking. By just replacing a few ceiling spotlights or rethinking outdoor lighting, individuals may not only see their bills go down but can also rest assured they are doing their bit for the planet.
